Investing.com - PACCAR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $1.35 on revenue of $5.41B. Analysts polled by Investing.com anticipated EPS of $1.29 on revenue of $5.38B.
PACCAR shares are up 8% from the beginning of the year , still down 9.55% from its 52 week high of $103.19 set on Thursday, January 21, 2021. They are under-performing the Nasdaq 100 which is up 8.83% year to date.
PACCAR shares gained 0.06% in pre-market trade the report.
PACCAR follows other major Consumer Cyclical sector earnings this month
PACCAR's report follows an earnings beat by Tesla on Tuesday, who reported EPS of $0.93 on revenue of $10.39B, compared to forecasts EPS of $0.7428 on revenue of $10.42B.
Genuine Parts had beat expectations on Thursday with first quarter EPS of $1.5 on revenue of $4.46B, compared to forecast for EPS of $1.14 on revenue of $4.3B.
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