On August 5, Caterpillar rose 3.15% in regular trading, trading at $900.02/share, with turnover of $4.23 billion, extending gains from the prior session's earnings-driven surge.
The continued upside follows the company's Q2 earnings report released on August 4, which delivered a historic quarter. Revenue reached $20.54 billion, up 24% year-over-year, marking the first time the company surpassed $20 billion in a single quarter. Adjusted EPS came in at $8.17, a 73% increase and far exceeding the consensus estimate of $6.20. All three core business segments posted sales growth, with construction equipment sales surging 35% and North America leading at 50% growth. Order backlogs climbed to $72.1 billion, with diesel power equipment orders booked through 2028.
The company simultaneously raised full-year guidance, projecting sales and revenue growth of mid-teens to nearly 20% over the prior year. Data center power generation demand and AI-related infrastructure spending were cited as key growth drivers, with the company restarting its 10-megawatt generator production line to meet surging demand.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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