Paccar Inc. Announces Climb In Q3 Profit, Beats estimates

(RTTNews) - Paccar Inc. (PCAR) revealed a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $1.23 billion, or $2.34 per share. This compares with $769.4 million, or $1.47 per share, in last year's third quarter.

Analysts on average had expected the company to earn $2.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.0% to $8.23 billion from $6.69 billion last year.

Paccar Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $1.23 Bln. vs. $769.4 Mln. last year. -EPS (Q3): $2.34 vs. $1.47 last year. -Analyst Estimate: $2.12 -Revenue (Q3): $8.23 Bln vs. $6.69 Bln last year.