PACCAR Exceeds Q3 Street Estimates On Higher Truck Deliveries & Investments In Innovations

PACCAR Inc (NASDAQ: PCAR) reported Q3 FY23 sales of $8.23 billion, beating the consensus of $8.01 billion.

PACCAR Financial Services revenues rose to $464.1 million from $371.9 million a year ago.

Global truck deliveries totaled 50,100 units, higher than 44,400 units in the year-ago period.

EPS of $2.34 beat the analyst consensus of $2.12.

The company held $7.44 billion in cash and marketable securities as of September 30, 2023. Operating cash flow ...

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