Why Paccar Stock Popped Today
Shares of Paccar (NASDAQ: PCAR), one of the nation's biggest truck manufacturers, jumped 4.8% through 11:55 a.m. ET Tuesday after beating on sales and meeting on earnings in its Q2 report.
Analysts forecast Paccar would earn $1.37 per share in Q2, and Paccar nailed that target. Sales were only supposed to be $7 billion, however, but Paccar delivered revenue of $7.5 billion -- good news for truck demand and, potentially, for transportation stocks as well.
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Source Fool.com
