Caterpillar’s share of pre-conference trading rose 1.4% as construction and mining equipment maker announced results that exceeded estimates.
Caterpillar reported net earnings of $ 1.537 billion, or $ 2.86 a share, for the quarter, up from $ 1.530 billion, or $ 2.77 a year, a year ago.
Adjusted earnings per share stood at $ 2.88 compared to estimates for $ 2.60.
Revenue and sales rose to $ 13.589 billion from $ 11.887 billion, also higher than the $ 13.253 billion analysts had expected.
The company’s operating margin decreased to 13.7% from 15.3% a year ago.
Source: Capital
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