RTTNews | Jan 25, 2022 08:05AM EST

08:05 Tuesday, January 25, 2022 (RTTNews.com) - Paccar Inc. (PCAR) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $511.4 million, or $1.47 per share. This compares with $405.8 million, or $1.17 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.6% to $6.30 billion from $5.14 billion last year.

Paccar Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $511.4 Mln. vs. $405.8 Mln. last year.-EPS (Q4): $1.47 vs. $1.17 last year.-Analyst Estimate: $1.32-Revenue (Q4): $6.30 Bln vs. $5.14 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3257037/paccar-inc-announces-climb-in-q4-income-beats-estimates.aspx)

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