Before the market open today, the Bellevue, WA-based company reported earnings of 98 cents per diluted share, which missed analysts' expectations for earnings of $1.02 per share.
Revenue for the quarter was $4.36 billion, higher than analysts' estimates of $4.26 billion.
The company is a manufacturer of light, medium and heavy-duty trucks. PACCAR also designs and manufactures advanced diesel engines, provides financial services, information technology and distributes truck parts related to its principal business.
"PACCAR's financial results reflect the company's premium-quality products and services and increased North American and European truck deliveries, complemented by excellent aftermarket parts and PACCAR Financial Services results," CEO Ron Armstrong said in a statement.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity.
As a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: PCAR