Stock Track | PACCAR Inc. Plummets 5.09% as Fourth-Quarter Earnings and Revenue Miss Estimates

Stock Track

Jan 29, 2025

PACCAR Inc.'s (PCAR) stock experienced a significant drop of 5.09% in the intraday trading session on Tuesday. The plummet came after the company reported its fourth-quarter financial results, which fell short of analysts' expectations for both earnings and revenue.

The leading truck manufacturer reported a fourth-quarter net income of $872.0 million, or $1.66 per diluted share, which missed the consensus estimate of $1.69 per share. Additionally, PACCAR's revenue for the quarter stood at $7.91 billion, missing the analysts' expectation of $7.62 billion.

According to the company's earnings release, the disappointing results were primarily attributed to a sluggish freight market recovery and elevated production costs, which pressured its margins. PACCAR delivered 185,300 vehicles worldwide at the end of 2024, a decrease from 204,200 deliveries in the previous year.

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Plummets 5.09% as Fourth-Quarter Earnings and Revenue Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-29 01:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PACCAR Inc.'s (PCAR) stock experienced a significant drop of 5.09% in the intraday trading session on Tuesday. The plummet came after the company reported its fourth-quarter financial results, which fell short of analysts' expectations for both earnings and revenue.</p>\n\n<p>The leading truck manufacturer reported a fourth-quarter net income of $872.0 million, or $1.66 per diluted share, which missed the consensus estimate of $1.69 per share. Additionally, PACCAR's revenue for the quarter stood at $7.91 billion, missing the analysts' expectation of $7.62 billion.</p>\n\n<p>According to the company's earnings release, the disappointing results were primarily attributed to a sluggish freight market recovery and elevated production costs, which pressured its margins. PACCAR delivered 185,300 vehicles worldwide at the end of 2024, a decrease from 204,200 deliveries in the previous year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PCAR","symbol_name":"帕卡","start_time":0,"source_url":"","article_id":"1181102449","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1181102449","pubTimestamp":1738084239,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PACCAR Inc.'s  stock experienced a significant drop of 5.09% in the intraday trading session on Tuesday. The plummet came after the company reported its fourth-quarter financial results, which fell short of analysts' expectations for both earnings and revenue.The leading truck manufacturer reported a fourth-quarter net income of $872.0 million, or $1.66 per diluted share, which missed the consensus estimate of $1.69 per share. Additionally, PACCAR's revenue for the quarter stood at $7.91 billion","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PCAR":"帕卡"},"translate_title":"股票追踪PACCAR Inc.因第四季度盈利和收入未达预期而暴跌5.09%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PCAR":1},"content_text":"PACCAR Inc.'s (PCAR) stock experienced a significant drop of 5.09% in the intraday trading session on Tuesday. 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