PACCAR Beats, Profits Up 69%
PACCAR Inc. (NASDAQ:PCAR) reported a 69% increase in profits to $327.3 million in the first quarter of 2012 from $193.3 million in the same quarter of 2011. On per share basis, the increase was 72% to 91 cents from 53 cents, exceeding the Zacks Consensus Estimate by 11 cents. Net sales and Financial Services revenues [...]
PACCAR Inc. (NASDAQ:PCAR) reported a 69% increase in profits to $327.3 million in the first quarter of 2012 from $193.3 million in the same quarter of 2011. On per share basis, the increase was 72% to 91 cents from 53 cents, exceeding the Zacks Consensus Estimate by 11 cents.
Net sales and Financial Services revenues surged 45% to $4.8 billion, which was higher than the Zacks Consensus Estimate of $4.1 billion. The rise in sales and profit was attributable to strong truck sales in North America and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards