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BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported first-quarter profit of $505.1 million.
On a per-share basis, the Bellevue, Washington-based company said it had net income of 96 cents. Earnings, adjusted for non-recurring costs, were $1.46 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The truck maker posted revenue of $7.44 billion in the period. Its adjusted revenue was $6.91 billion, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $7.07 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCAR at https://www.zacks.com/ap/PCAR