Company News: Caterpillar (CAT) quarterly results beat analysts’ forecasts

Market news

25 July 2017

Company News: Caterpillar (CAT) quarterly results beat analysts’ forecasts

Caterpillar (CAT) reported Q2 FY 2017 earnings of $11.49 per share (versus $1.09 in Q2 FY 2016), beating analysts' consensus estimate of $1.26.

The company's quarterly revenues amounted to $11.331 bln (+9.6% y/y), beating analysts' consensus estimate of $10.961 bln.

The company also raised FY 2017 sales guidance to $42-44 bln from $38-41 bln (versus analysts' consensus estimate of $40.74 bln).

CAT rose to $113.25 (+4.69%) in pre-market trading.

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