Paccar Inc. Reports 16% Rise In Q3 Earnings

(RTTNews) - Paccar Inc. (PCAR) reported earnings for its third quarter that rose from last year.

The company said its bottom line advanced to $402.7 million, or $1.14 per share. This was higher than $346.2 million, or $0.98 per share, in last year's third quarter.

Analysts had expected the company to earn $1.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.7% to $4.73 billion. This was up from $3.95 billion last year.

Paccar Inc. earnings at a glance:

-Earnings (Q3): $402.7 Mln. vs. $346.2 Mln. last year. -Earnings Growth (Y-o-Y): 16.3% -EPS (Q3): $1.14 vs. $0.98 last year. -EPS Growth (Y-o-Y): 16.3% -Analysts Estimate: $1.08 -Revenue (Q3): $4.73 Bln vs. $3.95 Bln last year. -Revenue Change (Y-o-Y): 19.7%