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Paccar Inc. (PCAR) revealed a profit for second quarter that fell from last year.


RTTNews | Jul 21, 2020 08:05AM EDT

08:04 Tuesday, July 21, 2020 (RTTNews.com) - Paccar Inc. (PCAR) revealed a profit for second quarter that fell from last year.

The company's earnings came in at $147.7 million, or $0.43 per share. This compares with $619.7 million, or $1.78 per share, in last year's second quarter.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 56.9% to $2.70 billion from $6.27 billion last year.

Paccar Inc. earnings at a glance:

-Earnings (Q2): $147.7 Mln. vs. $619.7 Mln. last year.-EPS (Q2): $0.43 vs. $1.78 last year.-Analysts Estimate: $0.31-Revenue (Q2): $2.70 Bln vs. $6.27 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3112769/paccar-inc-earnings-fall-in-q2.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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