Investing.com - PACCAR (NASDAQ:PCAR) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $1.47 on revenue of $6.3B. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $5.45B.
PACCAR shares are up 3% from the beginning of the year, still down 10.36% from its 52 week high of $101.68 set on January 25, 2021. They are outperforming the Nasdaq 100 which is down 11.09% from the start of the year.
PACCAR shares gained 1.26% in pre-market trade following the report.
PACCAR follows other major Industrials sector earnings this month
PACCAR's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.28B.
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