Paccar Inc. Earnings Plummet, Missing Estimates

Paccar Inc. reports disappointing Q4 earnings, missing forecasts. Earnings per share dropped to $1.66, significantly lower than last year. With revenue falling nearly 99.9%, investor sentiment may take a hit.

Date: 28-01-2025

AI Rating: 4

Earnings Analysis: Paccar Inc. reported earnings for the fourth quarter that significantly decreased from the previous year. The earnings came in at $872 million, equating to $1.66 per share, down from $1,417.3 million, or $2.70 per share, the previous year. This decline not only reflects a drop in profit but also missed the analysts' expectations of $1.69 per share.

Revenue Growth: The revenue for the period remarkably fell 99.9%, coming in at $7.363 billion compared to last year's $8,591.8 billion. This drastic decline in revenue can be concerning for investors, as it indicates potential struggles in maintaining sales levels or market share.

Because both earnings and revenue figures are below last year's performances and do not meet the expectations set by market analysts, the overall sentiment regarding Paccar Inc. may be negatively affected.

Stocks: PCAR