PACCAR beats by $0.02, beats on revs
Reports Q3 (Sep) earnings of $0.87 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.85; revenues rose 12.6% year/year to $4.3 bln vs the $4.14 bln consensus.
Global Truck Markets DAF's premium-quality vehicles have achieved industry leadership in Europe. "DAF is the European leader in on-highway tractors; and has achieved an overall market share of 15.9 percent in the above 16-tonne segment this year," said Harrie Schippers, DAF president.
South American Growth PACCAR began production of DAF trucks at its new assembly plant in Ponta Grossa, Brasil, in October 2013.
PACCAR Parts Achieves Record Results PACCAR's aftermarket parts business achieved record quarterly revenue in the third quarter of 2013.