UPDATE 1-Paccar Q1 profit tops expectations

* EPS, sales top estimates

* Cites strength in North America

* Finance unit’s performance also improving

CHICAGO, April 20 (BestGrowthStock) – Paccar Inc (PCAR.O: ) reported
a larger-than-expected quarterly profit on Tuesday, citing
stronger truck sales in North America and an improved
performance by its in-house finance unit.

The company, which makes trucks under the Peterbilt,
Kenworth and DAF brands, reported a first-quarter profit (Read more your timing to make a profit.) of
$68.3 million, or 19 cents a share, up from $26.3 million, or 7
cents a share, last year.

Sales rose 12 percent to $2.23 billion.

Analysts, on average, expected Bellevue, Washington-based
Paccar to report a profit of 15 cents a share on sales of $1.9
billion, according to Thomson Reuters I/B/E/S.


(Reporting by James B. Kelleher, editing by Dave Zimmerman)

UPDATE 1-Paccar Q1 profit tops expectations