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

Market news

31 July 2020

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

Caterpillar (CAT) reported Q2 FY 2020 earnings of $1.03 per share (versus $2.83 per share in Q2 FY 2019), beating analysts’ consensus estimate of $0.72 per share.

The company’s quarterly revenues amounted to $9.997 bln (-30.7% y/y), beating analysts’ consensus estimate of $9.397 bln.

CAT rose to $141.00 (+3.12%) in pre-market trading.

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