Investing.com – PACCAR (NASDAQ:PCAR) reported second quarter earnings that missed analysts’ expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.78 on revenue of $6.63B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $6.25B. That compared to EPS of $1.59 on revenue of $5.47B in the same period a year earlier. The company had reported EPS of $1.81 on revenue of $6.14B in the previous quarter.
PACCAR follows other major Consumer Cyclical sector earnings this month
On June 27, Nike reported fourth quarter EPS of $0.62 on revenue of $10.18B, compared to forecasts of EPS of $0.66 on revenue of $10.16B.
Stanley Black Decker earnings beat analysts’ expectations on Tuesday, with second quarter EPS of $2.66 on revenue of $3.76B. Investing.com analysts expected EPS of $2.54 on revenue of $3.8B
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