Caterpillar (CAT) Tops Q2 EPS by 45c, Misses on Revenue

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Go back to Caterpillar (CAT) Tops Q2 EPS by 45c, Misses on Revenue

Caterpillar Q2 earnings beat estimates, revenue slightly misses

August 6, 2024 6:47 AM EDT

(Updated - August 6, 2024 9:49 AM EDT)

Caterpillar (NYSE: CAT) reported second-quarter earnings on Tuesday, surpassing analyst profit expectations, while revenue fell slightly short of estimates. The heavy equipment manufacturer's stock rose more than 2% following the announcement.

Caterpillar posted adjusted earnings per share of $5.99 for the second quarter, beating the analyst consensus of $5.54 by $0.45. Revenue came in at $16.7 billion, just below the estimated $16.76 billion and down 4% YoY from $17.3 billion in the same quarter last year.... More