Caterpillar Sees 3Q Adjusted Operating Profit Margin Above Year-Ago But Below 2Q, Sees 3Q Revenue Above Year-Ago But Below 2Q
Portfolio Pulse from Benzinga Newsdesk
Caterpillar Inc. expects its 3Q adjusted operating profit margin to be higher than the same period last year, but lower than 2Q. The company also anticipates 3Q revenue to be above last year's but below 2Q.
August 01, 2023 | 11:28 am
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Caterpillar's 3Q operating profit margin and revenue are expected to be higher than last year but lower than 2Q. This mixed outlook may lead to uncertainty among investors.
Caterpillar's 3Q outlook is mixed, with both operating profit margin and revenue expected to be higher than last year but lower than the previous quarter. This could lead to uncertainty among investors, potentially impacting the stock's short-term performance.
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