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Caterpillar Announces Q2 Earnings Beat

By John F. Heerdink, Jr.

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. 

“We’re encouraged by higher sales and revenues across all regions and in our three primary segments, which reflect continued improvement in our end markets,” stated Caterpillar Chairman and CEO Jim Umpleby.

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.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Caterpillar Earnings Top Amid Housing, Commodity Boom; CAT Stock Edges Lower in Investor's Business Daily)


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