Caterpillar Q2 2024 Adj EPS $5.99 Beats $5.54 Estimate, Sales $16.70B Beat $16.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Caterpillar (NYSE:CAT) reported Q2 2024 adjusted EPS of $5.99, beating the estimate of $5.54. Sales were $16.70 billion, slightly above the $16.68 billion estimate but down 3.57% from last year's $17.32 billion.
August 06, 2024 | 10:30 am
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Caterpillar's Q2 2024 earnings per share of $5.99 beat estimates by 8.12%, and sales of $16.70 billion slightly exceeded expectations. However, sales were down 3.57% year-over-year.
Caterpillar's earnings beat expectations significantly, which is a positive indicator for the stock. However, the slight decline in sales year-over-year may temper some of the enthusiasm.
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IMPORTANCE 80
RELEVANCE 100