Investing.com - PACCAR (NASDAQ:PCAR) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $1.17 on revenue of $5.57B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $5.2B.
PACCAR shares are up 13% from the beginning of the year, still down 5.09% from its 52 week high of $103.19 set on January 21. They are outperforming the Nasdaq which is up 5.8% from the start of the year.
PACCAR shares gained 1.19% in pre-market trade following the report.
PACCAR follows other major Consumer Cyclical sector earnings this month
PACCAR's report follows an earnings beat by Autoliv on Tuesday, who reported EPS of $2.19 on revenue of $2.52B, compared to forecasts EPS of $1.92 on revenue of $2.41B.
Polaris Industries had beat expectations on Tuesday with fourth quarter EPS of $3.34 on revenue of $2.16B, compared to forecast for EPS of $2.9 on revenue of $2.11B.
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