PACCAR's (PCAR) Q2 Pre-Tax Profit From Trucks Unit Lags Estimates

Consolidated revenues (including trucks and financial services) came in at $8.77 billion, down from $8.88 billion in the corresponding quarter of 2023. Sales from Trucks, Parts and Others were $8.26 billion. Financial Services segment revenues came in at $509.8 million, higher than the year-ago quarter's $439.8 million and our estimate of $507.5 million. Pre-tax income decreased to $111.2 million from $144.7 million reported in the year-ago period and also fell short of our projection of $142.3 million. PAC ...