Paccar posted its Q1 2008 results on April 22. Revenue fell from $3,984.5 million in Q1 2007 to $3,938.5 in Q1 2008. Net income fell from $365.60 million to $292.30 million.
On March 27, 2008 Bloomberg predicted that the Bush economic stimulus plan will result in a 33% increase in Paccar's profits. (1)
Paccar posted its Q3 results, which exceeded expectations. The net income fell from $403.6 million last year to $302.3 million this year; however, it was four percent more than the analysts’ estimates of $290.67 million. The earnings exceeded expectations due to a strong demand for PACCAR products in Europe, Australia, and Mexico.
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