Paccar Inc. Bottom Line Falls In Q2, Misses Estimates

(RTTNews) - Paccar Inc. (PCAR) announced a profit for second quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $1.12 billion, or $2.13 per share. This compares with $1.22 billion, or $2.33 per share, in last year's second quarter.

Analysts on average had expected the company to earn $2.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.1% to $8.26 billion from $8.44 billion last year.

Paccar Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $1.12 Bln. vs. $1.22 Bln. last year. -EPS (Q2): $2.13 vs. $2.33 last year. -Revenue (Q2): $8.26 Bln vs. $8.44 Bln last year.