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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

PACCAR CEO Optimistic About Growth Despite Soft Truckload Market, Tariff Concerns

Paccar PCAR Nasdaq Tesla Inc.
PACCAR-Photo by RYO Alexandre via Shutterstock

PACCAR Inc. (NASDAQ:PCAR) shares surged higher on Tuesday after the truck manufacturer reported second-quarter earnings that beat analyst expectations, even as quarterly sales narrowly missed estimates and overall revenues declined year-over-year.

The company reported second-quarter earnings per share of $1.37, beating the analyst consensus estimate of $1.34. Quarterly sales of $6.962 billion missed the Street view of $6.979 billion.

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