Caterpillar (CAT) Tops Q2 EPS by 20c, Revenues Beat

Caterpillar (NYSE: CAT) reported Q2 EPS of $0.84, $0.20 better than the analyst estimate of $0.64. Revenue for the quarter came in at $10 billion versus the consensus estimate of $9.38 billion.

• Second-quarter sales and revenues decreased 31%; profit per share declined 70%
• Strong balance sheet; $8.8 billion of enterprise cash

Response to COVID-19 and Global Business Conditions

"I am proud of the global team's continued focus on safety while executing our strategy and serving our customers," said Caterpillar Chairman and CEO Jim Umpleby. "In the second quarter, our employees and dealers remained dedicated to providing the essential products and services the world needs under very challenging conditions."

For earnings history and earnings-related data on Caterpillar (CAT) click here.

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