As per reports, Caterpillar, Inc. (CAT) released second-quarter earnings, beating estimates with earnings shooting up 152% to $2.60 a share. Revenue climbed 29% to $12.9 billion. Analysts were expecting revenue to grow 25% to $12.51 billion.
Caterpillar continues to not offer specific financial guidance due to the pandemic, however, analysts expect full-year 2021 earnings to increase 52% to $9.99 as sales grow 17% to $48.691.
Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent. To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.
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