Paccar (PCAR) delivered earnings and revenue surprises of 4.61% and 1.88%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Robust Performance Driven by Demand for Premium Trucks and Parts
BELLEVUE, Wash., April 30, 2024--"PACCAR reported excellent revenues and net income in the first quarter of 2024," said Preston Feight, chief executive officer. "PACCAR’s results reflect ongoing demand for premium quality DAF, Peterbilt and Kenworth trucks, aftermarket parts and financial services. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers."