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Kenworth and Peterbilt truck maker Paccar (PCAR +0.6%) posts a solid Q3, easily beating revenue...

Kenworth and Peterbilt truck maker Paccar (PCAR +0.6%) posts a solid Q3, easily beating revenue and per share estimates. Earnings more than doubled Y/Y on sharply higher truck sales and improved performance at its finance unit. Geographically, sales soared over 80% Y/Y in North America and 64% in Europe.
Comments (1)
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    I would consider this as a leading positive indicator. People don't usually buy trucks that can be anywhere from $70K to $200K if they don't think they will have things to haul.
    25 Oct 2011, 12:47 PM Reply Like
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