Paccar Inc. Q2 Profit Rises, Beats estimates

(RTTNews) - Paccar Inc. (PCAR) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $720.4 million, or $2.07 per share. This compares with $495.5M, or $1.42 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.0% to $6.79 billion from $5.39 billion last year.

Paccar Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $720.4 Mln. vs. $495.5M. last year. -EPS (Q2): $2.07 vs. $1.42 last year. -Analyst Estimate: $1.81 -Revenue (Q2): $6.79 Bln vs. $5.39 Bln last year.