Reported 2 months ago
Caterpillar exceeded Wall Street's profit projections for the second quarter due to rising prices for their key products, despite a decline in demand in North America and other regions. The company's shares climbed 4% following an announcement of an adjusted profit per share of $5.99, outperforming analysts' estimates. However, there are concerns regarding softer order volumes, particularly in international markets like China, which have affected overall sales.
Source: YAHOO