BELLEVUE, Wash. — Paccar Inc. said Tuesday its second-quarter net income fell two percent, hurt by lower truck demand, but results still beat Wall Street predictions and the stock hit a six-year high.
The Bellevue, Wash., maker of Kenworth and Peterbilt trucks earned $291.6 million, or 82 cents per share, in the three months that ended June 30. That was down from $297.2 million, or 83 cents per share, in the same quarter of 2012. The company operates a facility in Lowndes County.
Total sales and revenue fell four percent to $4.3 billion from $4.46 billion.
Analysts, on average, expected a profit of 75 cents per share on $4.19 billion in revenue, according to FactSet.
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