Paccar Rises After Profit, Sales Exceed Estimates: Seattle Mover

Paccar Inc. (PCAR) rose 5.4 percent after the maker of Kenworth and Peterbilt trucks reported fourth- quarter profit and sales that topped analysts’ estimates, boosted by sales in North America.

Paccar rose to $46.55 at 9:11 a.m. New York time before the start of regular trading. The shares, which have risen 18 percent this year through yesterday, fell 35 percent in 2011.

Profit jumped to $327.7 million, or 91 cents a share, from $169.8 million, or 46 cents, a year earlier. Sales rose 63 percent to $4.59 billion, as the Bellevue, Washington-based company more than doubled revenue in the U.S. and Canada to $2.77 billion.

The average estimate of 17 analysts was for a profit of 79 cents a share, on sales of $4.08 billion, the average of seven estimates.

To contact the reporter on this story: Mark Clothier in Southfield, Michigan, at

To contact the editor responsible for this story: Jamie Butters at

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