* Posts EPS of $0.46 vs Street view of $0.46
* Sales rise 37 percent to $3.06 billion
* Sees rebound in truck demand in 2011
* But warns rising commodity prices will clip margins
* Shares up 0.3 percent
CHICAGO, Feb 1 (Reuters) - Paccar Inc (PCAR.O) reported a quarterly profit in line with analysts’ expectations as strong sales of aftermarket parts and improved results at its lending arm helped offset continued weak demand for its trucks in North America.
The company, which makes trucks under the Peterbilt, Kenworth and DAF brands, said on Tuesday that it expected global demand for commercial vehicles to improve in 2011. But it warned that recent increases in commodity prices would “moderate” its operating margins this year.
Paccar reported a fourth-quarter profit of $169.8 million, or 46 cents a share, up from $46.1 million, or 13 cents a share, a year earlier.
Sales rose 36.6 percent to $3.06 billion.
Analysts on average had expected Bellevue, Washington-based Paccar to report a profit of 46 cents a share on sales of $2.71 billion, according to Thomson Reuters I/B/E/S.
Paccar shares were up 0.3 percent at $56.64 in premarket trading. (Reporting by James B. Kelleher; Editing by Lisa Von Ahn)