Breaking: Caterpillar (CAT) Q1 earnings well ahead of consensus as EPS, revenue beat
By Ivan BrianOriginal content: Breaking: Caterpillar (CAT) Q1 earnings well ahead of consensus as EPS, revenue beat
Caterpillar (CAT) reported Q1 earnings before the open on Thursday. Earnings per share (EPS) came in at $2.87, well ahead of the consensus for $1.94. Revenue was $11.9 billion again, far outstripping the consensus for $11.09 billion.
Caterpillar is seen as a bellwether of economic activity given its broad business profile across construction, mining, energy and industry.
Market Reaction
Caterpillar shares (CAT) are trading 2.3% higher at $237.69 in Thursday's premarket.
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