BELLEVUE, Wash. (AP) _ Paccar Inc. (PCAR) on Tuesday reported first-quarter earnings of $600.5 million.
On a per-share basis, the Bellevue, Washington-based company said it had net income of $1.72.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The truck maker posted revenue of $6.47 billion in the period. Its adjusted revenue was $6.11 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $5.78 billion.
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
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