Q2 guidance for PACCAR Parts sales accelerated to 4%–6% growth for Q3 versus Q2’s 2%–4% outlook in the prior quarter. Gross margins guided slightly down to around 13% for Q3 from 13.9% in Q2 and were ...

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U.S. truckmaker PACCAR beat second-quarter profit and revenue estimates on Tuesday, helped by strong demand in its aftermarket parts segment as more truckers opted to maintain their existing fleet.

Despite a top- and bottom-line beat in the second quarter, shares of Genuine Parts ( NYSE: GPC) are under pressure in ...