Paccar reported net income of $371.4 million, or $1.04 per diluted share, up 20 percent from $309.4 million, or 87 cents per share a year earlier and more than analysts' predictions of 96 cents per share. The company reported third-quarter sales of $4.93 billion, which the company said was a record, and that was 15 percent more than $4.3 billion a year earlier and above analysts' expectations of sales of $4.46 billion.