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Caterpillar Stock Is Trading Lower Despite Q2 Earnings Beat, Strong Q3 Volume Growth Outlook

Caterpillar Stock Is Trading Lower Despite Q2 Earnings Beat, Strong Q3 Volume Growth Outlook

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Caterpillar Inc. (NYSE: CAT) reported second-quarter sales growth of 29% year-over-year to $12.89 billion, beating the consensus of $12.58 billion. Segment Revenue: Construction Industries $5.66 billion (+40% Y/Y), Resource Industries $2.58 billion (+41% Y/Y), Energy & Transportation $4.97 billion (+20% Y/Y), others $18 million (+11% Y/Y), and Financial Products $774 million (+1% Y/Y).

...read full article on Benzinga

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