BELLEVUE, Wash. (AP) _ Paccar Inc. (PCAR) on Tuesday reported fourth-quarter net income of $531.3 million.

On a per-share basis, the Bellevue, Washington-based company said it had profit of $1.53.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The truck maker posted revenue of $6.12 billion in the period. Its adjusted revenue was $5.71 billion, which also beat Street forecasts. Four analysts surveyed by Zacks expected $5.55 billion.

For the year, the company reported profit of $2.39 billion, or $6.87 per share. Revenue was reported as $24.12 billion.

Paccar shares have fallen 5% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 20% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCAR at https://www.zacks.com/ap/PCAR

Automated Insights, source Associated Press News