PACCAR Inc. (NASDAQ:PCAR) outlined its third quarter earnings results on Tuesday 20th October 2020 before market open.
Key Numbers from third quarter earnings result
Quarterly income of $ 1.10 per share, from the revenue of $ 4,538.40 million
Analysts Estimated revenue of $ 4407.93 million and $ 0.95 income per share
Earnings beat analysts estimates by $ 0.15 or 15.79 percent
Revenues outshined wall street view by $ 130.47 million or 2.96 percent
Earnings reduced 37.14 percent compared with the same quarter last year
Revenues dropped 24.41 percent versus third quarter of last year.
Preston Feight, chief executive officer, commented, PACCAR reported strong revenues and net income for the third quarter of 2020. The third quarter results reflect rebounding global truck production and aftermarket parts revenue. I am very proud of our outstanding employees who delivered these results while employing the highest commitment to health and safety at all PACCAR facilities.
The Board of Directors declared a regular quarterly cash dividend of $ 0.32 per share, payable on December 1, 2020, to stockholders of record at the close of business on November 10, 2020.
