Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Paccar Rises After Profit, Sales Exceed Estimates: Seattle Mover

Jan. 31 (Bloomberg) -- Paccar Inc. rose 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 gained less than 0.1 percent to $44.20 at the close in New York after rising as much as 5.5 percent for the biggest intraday increase since Dec. 20. The shares are up 18 percent this year after sliding 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 mclothier@bloomberg.net.

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.