PACCAR Q3 2024 GAAP EPS $1.85 Beats $1.82 Estimate, Sales $7.70B Beat $7.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
PACCAR reported Q3 2024 earnings of $1.85 per share, beating the $1.82 estimate, and sales of $7.70 billion, surpassing the $7.65 billion estimate. However, both earnings and sales decreased compared to the same period last year.
October 22, 2024 | 12:02 pm
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PACCAR's Q3 2024 earnings per share of $1.85 beat estimates, but decreased by 20.94% from last year. Sales also beat estimates at $7.70 billion, but were down 6.41% year-over-year.
While PACCAR's earnings and sales beat analyst estimates, the year-over-year decline in both metrics may concern investors. The beat on estimates could provide short-term support, but the overall decline suggests potential challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100