Reportedly, Caterpillar, Inc. (CAT) released its Q2 earnings early on Wednesday which missed Wall Street Expectations. The Company pointed to weak China sales, higher productions and restructured costs for the less than stellar results. The company’s EPS increased by less than 1% to $2.83 in comparison to analysts’ expectation of $3.12. Revenue of $14.43 billion was reported as against Wall Street expectation of $14.52 billion. The company maintained its full-year earnings forecast of $12.06-$13.06 per share.
CAT’s stock climbed back to $132.05 after it plunged as low as $128.45/share. The 52-wk trading range is $112.06 – $159.37.
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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