PCAR - Why Truck Manufacturer PACCAR Shares Are Declining Today | Benzinga
PACCAR Inc (NASDAQ:PCAR) shares are trading lower after it reported first-quarter FY24 results.
Sales of $8.74 billion, beating the consensus of $8.24 billion.
PACCAR Financial Services revenues rose to $509.3 million from $423.2 million a year ago.
EPS of $2.27 beat the analyst consensus of $2.17.
PACCAR invested $164.3 million in capital projects and $105.5 million in research and development expenses in the quarter.
The company held $7.73 billion in cash and marketable securities as of March 31, 2024. Operating cash flow for the quarter totaled $1.47 ...