Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5967
    -0.0039 (-0.65%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • OIL

    82.61
    +1.26 (+1.55%)
     
  • GOLD

    2,231.60
    +18.90 (+0.85%)
     

Caterpillar’s Q2 2018 Earnings Beat Estimates, Stock Trades Flat

Caterpillar’s Q2 2018 Earnings Beat Estimates, Stock Trades Flat

Caterpillar (CAT) reported revenue of $14.01 billion for Q2 2018 today, reflecting growth of 23.7% over Q2 2017. The company easily beat Wall Street analysts’ estimate of $13.88 billion. Continued demand across its primary reporting sector resulted in a higher sales volume, and favorable foreign currency on the back of the strong euro and Chinese yuan drove CAT’s overall revenue growth. Resource Industries recorded the highest revenue growth at 38%, followed by Construction Industries at 24% and Energy & Transportation at 20%.