Company news: Caterpillar (CAT) posts mixed quarterly results

Caterpillar (CAT) reported Q2 FY2024 earnings of $5.99 per share (versus $5.55 per share in Q2 FY2023), beating analysts’ consensus estimate of $5.55 per share.

The company’s quarterly revenues amounted to $16.689 bln (-3.6% y/y), missing analysts’ consensus estimate of $16.908 bln.

CAT rose to $333.99 (+5.43%) in pre-market trading.