Company News: Caterpillar (CAT) Q2 earnings beat analysts' forecast

Market news

30 July 2018

Company News: Caterpillar (CAT) Q2 earnings beat analysts' forecast

Caterpillar (CAT) reported Q2 FY 2018 earnings of $2.97 per share (versus $1.49 in Q2 FY 2017), beating analysts' consensus estimate of $2.74.

The company's quarterly revenues amounted to $14.011 bln (+23.7% y/y), generally in-line with analysts' consensus estimate of $14.085 bln.

The company also issued upside guidance for FY 2018, projecting EPS of $11.00-12.00 versus analysts' consensus estimate of $10.75 and its prior guidance of $10.25-11.25.

CAT rose to $146.90 (+3.04%) in pre-market trading.

Germany: CPI, y/y , July 2% (forecast 2.1%)

Germany Bavaria Jul CPI +0.2% On Mo; +2.2% On Year

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