Wall Street

PACCAR’s third-quarter profit and revenue beyond expectations

Investing.comPACCAR reported on Tuesday “third-quarter earnings and revenue that beat analysts’ expectations“.

PACCAR reported earnings per share of $1.11 on revenue of $4.54 billion. Analysts polled by Investing.com had expected earnings per share of $0.96 and revenue of $4.39 billion.

PACCAR shares are up 15% from the start of the year, still down 0.57% from a 52-week high of $91.58 on Oct, the numbers outperform the S&P 500, which is up 6.07% from the start of the year.

PACCAR’s earnings report follows Nike’s massive jump on Sept. 22th, reporting earnings per share of $0.95 on revenue of $10.59 billion, compared to expectations of $0.47 on earnings per share of $9.13 billion.

Ferrari NV beat expectations on Sept. 24th with earnings per share of $0.05 for the third quarter on revenue of $670.24 million, compared to expectations of $0.06 per share on revenue of $670.08 million.

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