PACCAR Exceeds Q3 Street Estimates On Higher Truck Deliveries & Investments In Innovations
Portfolio Pulse from Lekha Gupta
PACCAR Inc reported Q3 FY23 sales of $8.23 billion, exceeding the consensus of $8.01 billion. The company's Financial Services revenues rose to $464.1 million, and global truck deliveries increased to 50,100 units. The EPS of $2.34 beat the analyst consensus of $2.12. The company declared a quarterly cash dividend of $0.27 per share. PACCAR shares are trading higher by 2.77% at $83.61.
October 24, 2023 | 2:01 pm
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POSITIVE IMPACT
PACCAR's Q3 FY23 results exceeded expectations, with increased sales, EPS, and truck deliveries. The company also declared a dividend, and its shares are trading higher.
PACCAR's better-than-expected Q3 FY23 results, increased truck deliveries, and dividend declaration are positive news for the company. This has led to an increase in the company's share price, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100