Caterpillar Q2 earnings beat estimates, revenue slightly misses
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Midday movers: Palantir, Uber, Kenvue rise; Vulcan Materials falls
August 6, 2024 7:59 AM EDT(Updated - August 6, 2024 12:30 PM EDT)
Investing.com -- U.S. stock futures rose Tuesday, rebounding after the previous session recession-inspired sharp losses.
Here are some of the biggest U.S. stock movers today:
Palantir (NYSE: PLTR) stock rose 13% after the software services provider raised its annual revenue and profit forecast for the second time this year.
Caterpillar... More
Caterpillar beats profit estimates as strong pricing cushions easing demand
August 6, 2024 6:33 AM EDTBy Shivansh Tiwary and Abhinav Parmar
(Reuters) - Caterpillar beat Wall Street estimates for second-quarter profit on Tuesday, as higher prices and easing manufacturing costs countered moderating demand for the company's heavy equipment across its major markets.
Shares of the company, known for its ubiquitous yellow excavators, rose 3% in early trading as it projected annual adjusted operating profit to be higher than its previous forecast. Peer Deere, set to report next week, rose 2%.
"Margin exceeded our expectations, primarily due to lower-than-expected manufacturing costs and slightly better-than-expected price," CEO Jim Umpleby said on an earnings... More
Caterpillar (CAT) Tops Q2 EPS by 45c, Misses on Revenue
August 6, 2024 6:32 AM EDTCaterpillar (NYSE: CAT) reported Q2 EPS of $5.99, $0.45 better than the analyst estimate of $5.54. Revenue for the quarter came in at $16.7 billion versus the consensus estimate of $16.76 billion.
For earnings history and earnings-related data on Caterpillar (CAT) click here.
... MoreUS futures, Nikkei rebound, Google's case - what's moving markets
August 6, 2024 6:09 AM EDTInvesting.com -- The Wall Street indices are set to rebound Tuesday after the previous session's slump, following on from Nikkei's bounce, while Alphabet's Google lost an antitrust case in the U.S.Â
1. Futures rebound after sharp selloff
U.S. stock futures rose Tuesday, rebounding after the previous sessions sharp losses on concerns that the U.S. economy was heading towards recession.Â
By 04:25 ET (08:25 GMT), the Dow futures contract was 240 points, or 0.6%, higher, S&P 500 futures climbed 50 points, or 0.9%, and Nasdaq 100 futures... More
Caterpillar (CAT) call put ratio 1 call to 1.3 puts into quarter results and outlook
August 5, 2024 10:45 AM EDTCaterpillar (NYSE: CAT) August 9 weekly calls option implied volatility is at 75, August is at 54; compared to its 52-week range of 21 to 39 into expected release of quarter results before the bell on August 6. Call put ratio 1 call to 1.3 puts.
... MoreCaterpillar (CAT) August 9 weekly 320 straddle priced into quarter results
August 5, 2024 5:01 AM EDTCaterpillar (NYSE: CAT) August 9 weekly 320 straddle priced for a move of 6.5% into expected release of quarter results before the bell on August 6.
... More