Caterpillar crushes earnings and raises its outlook (CAT)

CaterpillarReuters/China Stringer Network

  • Caterpillar reported earnings that topped expectations.
  • The company raised its full-year adjusted earnings outlook, citing strong global demand.

(Reuters) – Caterpillar Inc on Monday posted higher quarterly profit that beat market expectations and upgraded the full-year profit outlook, citing robust global demand for its equipment.

The Deerfield, Illinois-based company reported an adjusted profit of $ 2.97 a share in the second quarter, compared with $ 1.49 a share, last year. Analysts on average had expected earnings of $ 2.73 a share.

See the rest of the story at Business Insider

NOW WATCH: Why Rolex watches are so expensive

See Also:

Post Author: martin

Avatar
Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.