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Caterpillar reports second-quarter profit, revenue beat

Published 08/01/2023, 06:44 PM
Updated 08/01/2023, 06:44 PM
© Reuters.

Investing.com -- Caterpillar Inc (NYSE:CAT) has reported second-quarter profit and revenue that topped analyst estimates, as the U.S. construction equipment group was boosted by strength in its machinery, energy and transportation unit.

Operating income during the period jumped by 88% annually to $3.65 billion, beating Bloomberg consensus expectations of $2.94B. Revenue of $17.32B was also above projections of $16.39B.

This is a breaking story. Further updates will be included soon.

 
 

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