Investing.com - PACCAR (NASDAQ:PCAR) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $1.11 on revenue of $4.54B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $4.39B.
PACCAR shares are up 15% from the beginning of the year, still down 0.57% from its 52 week high of $91.58 set on October 19. They are outperforming the S&P 500 which is up 6.07% from the start of the year.
PACCAR follows other major Consumer Cyclical sector earnings this month
PACCAR's report follows an earnings beat by Nike on September 22, who reported EPS of $0.95 on revenue of $10.59B, compared to forecasts EPS of $0.47 on revenue of $9.13B.
Ferrari NV had missed expectations on September 24 with third quarter EPS of $0.05 on revenue of $670.24M, compared to forecast for EPS of $0.06 on revenue of $670.08M.
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