Paccar Inc. is a leading global manufacturer and designer of heavy-duty trucks, primarily focusing on commercial vehicles under well-known brands such as Peterbilt, Kenworth, and DAF
The company also provides comprehensive after-sales support, including parts and services for its trucks. Beyond its core business in truck production, Paccar has a presence in financial services, offering financing solutions for dealerships and customers to facilitate the acquisition of their vehicles. With a commitment to technology and sustainability, Paccar actively invests in innovations such as electric and autonomous vehicle development, enhancing its position in the evolving transportation landscape.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
Let's have a look at what is happening on the US markets before the opening bell on Thursday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Trucking company PACCAR (NASDAQ:PCAR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 14.3% year on year to $7.36 billion. Its GAAP profit of $1.66 per share was 1.5% below analysts’ consensus estimates.
Katy Huberty, the Global Head of Research at Morgan Stanley, has spotlighted 20 stocks from companies that are likely to see significant benefits from the adoption of Artificial Intelligence (AI).
