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Valued at a market cap of $55 billion, PACCAR Inc (PCAR) designs, manufactures and distributes light, medium, and heavy-duty commercial trucks. The Bellevue, Washington-based company also designs and manufactures diesel engines and other powertrain components for use in its own products and for sale to third-party manufacturers of trucks and buses. It is expected to announce its fiscal Q4 earnings results before the market opens on Tuesday, Jan. 28.
Ahead of this event, analysts project the farm and heavy construction machinery company to report a profit of $1.67 per share, down nearly 38.2% from $2.70 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. Its earnings of $1.85 per share in the previous quarter outpaced the forecasted figure by a margin of almost 1.7%.
