UPDATE 2-Paccar net drops; European industry outlook cut

Newswire

* Reports 2nd-qtr net profit of 7 cents a share * Says profits includes one-time gain * Cuts outlook for European truck demand * Shares fall 6.1 percent (Adds details on North American industry outlook, background) CHICAGO, July 28 (Reuters) - Paccar Inc said on Tuesday that second-quarter earnings plunged more than 90 percent as a weak worldwide freight market walloped demand for the company's trucks and forced it to temporarily close some of its plants. The company warned that ...

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