BUZZ-PACCAR shares rise as increased truck deliveries and improved margins drive third-quarter results above expectations

October 27 - ** Truck manufacturer PACCAR (PCAR.O) rose 3% in pre-market trading to $107.31 after releasing its third-quarter financial report ** According to LSEG data, third-quarter earnings per share were $1.61, beating expectations of $1.59 ** Third-quarter revenue was $7.94 billion, higher than the expected $7.85 billion

** Net profit for the third quarter was $847.5 million, a 44% year-on-year increase ** The company expects US and Canadian Class 8 truck industry retail sales to be between 240,000 and 260,000 units in 2026; and between 240,000 and 280,000 units in 2027 ** The company expects 2027 capital expenditure to be $650 million to $700 million, with R&D expenses of $460 million to $500 million ** Third-quarter global truck deliveries were 40,100 units, compared with 31,900 units in the same period last year ** Third-quarter truck business revenue was $5.60 billion, up from $4.39 billion in the same period last year

** Third-quarter pre-tax profit for the truck business was $454.5 million, compared with $102.5 million in the same period last year

** As of the previous trading day's close, the stock had declined about 5% year-to-date

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