BELLEVUE (dpa-AFX) - Paccar Inc. (PCAR) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $600.5 million, or $1.72 per share. This compares with $470.8 million, or $1.35 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.9% to $6.11 billion from $5.41 billion last year.
Paccar Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $600.5 Mln. vs. $470.8 Mln. last year. -EPS (Q1): $1.72 vs. $1.35 last year. -Analyst Estimate: $1.54 -Revenue (Q1): $6.11 Bln vs. $5.41 Bln last year.
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