UPDATE 2-Paccar profit surge misses Wall Street target

Newswire

* Posts Q2 EPS of $0.65, below $0.69 Wall Street forecast * Lowers forecast for heavy truck sales * Shares fall 5 percent (Adds industry sales forecast, quote, stock action) BOSTON, July 26 (Reuters) - U.S. heavy truck maker Paccar Inc reported quarterly profit that more than doubled but still was shy of Wall Street's estimates, and warned 2011 demand would not be as strong as it had previously forecast. Its shares fell about 5 percent in premarket trading. The company said on ...

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