PACCAR CEO Optimistic About Growth Despite Soft Truckload Market, Tariff Concerns

PACCAR Inc. (NASDAQ:PCAR) shares surged higher on Tuesday after the truck manufacturer reported second-quarter earnings that beat analyst expectations, even as quarterly sales narrowly missed estimates and overall revenues declined year-over-year.

The company reported second-quarter earnings per share of $1.37, beating the analyst consensus estimate of $1.34. Quarterly sales of $6.962 billion missed the Street view of $6.979 billion.

Net sales and financial services revenues were $7.51 billion in the second quarter, compared to $8.77 ...