PACCAR Inc. (NASDAQ: PCAR) reported better-than-expected second-quarter profits and sales despite its U.S. plants being closed for five weeks because of the coronavirus pandemic.
The parent of Kenworth Truck Co., Peterbilt Motors and DAF Trucks, earned net income of $147.7 million, or $0.43 per diluted share compared to $619.7 million, or $1.78 per diluted share, in the same period last year.
Second quarter net sales and financial services revenues were $3.06 billion, compared to $6.63 billion...
https://www.freightwaves.com/news/paccar-beats-estimates-with-solid-q2