UPDATE 1-Paccar fourth-quarter earnings beat expectations


* Posts Q4 net EPS of 13 cents, 16 cents ex-items * Analysts expected net EPS of 5 cents, 7 cents ex-items CHICAGO, Jan 29 (Reuters) - Paccar Inc reported stronger-than-expected quarterly results on Friday as cost-cutting helped the truck maker overcome what remains one of the worst markets in decades for commercial vehicles. Paccar, which makes trucks under the Peterbilt, Kenworth and DAF brands, reported a fourth-quarter profit of $46.1 million, or 13 cents a share, down from $113.1 ...

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