BELLEVUE — Paccar Inc. reported first-quarter earnings of $629 million.
The Bellevue-based company said last week it had profit of $1.81 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The truck maker posted revenue of $6.49 billion in the period. Its adjusted revenue was $6.14 billion, which also topped Street forecasts. Five analysts surveyed by Zacks expected $5.99 billion.
Paccar shares have increased 25 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 17 percent. The stock has risen 11 percent in the last 12 months.
