UPDATE 2-Paccar earnings beat expectations; shares jump

Newswire

* Q4 EPS ex-items 16 cents; Street view 7 cents * Shares rise as much as 5 percent (Adds share rise, details, analyst comment, byline) By James B. Kelleher CHICAGO, Jan 29 (Reuters) - Paccar Inc reported stronger-than-expected quarterly results Friday as cost-cutting helped the truck maker expand its margins, sending it shares up as much as 5 percent. Basili Alukos, an analyst at Morningstar, noted double-digit percentage growth in sales from the third quarter to the fourth. "That's ...

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