Tuesday, July 24, 2007

Paccar net falls on new clean-air rules

(Reuters) - CHICAGO, July 24 - Paccar Inc. , the No. 2 U.S. maker of heavy trucks, said on Tuesday second-quarter net income tumbled 19 percent as new U.S. clean-air rules hurt truck sales in North America. The Bellevue, Washington-based company said it earned $298.3 million, or $1.19 a share, down from $369.9 million, or $1.47 a share, a year earlier.



Analysts, on average, expected earnings of $1.11 a share, according to Reuters Estimates.


Read more at Reuters.com Market News

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