Recap: Caterpillar Q2 Earnings

Shares of Caterpillar CAT moved higher by 2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 63.60% over the past year to $1.03, which beat the estimate of $0.64.

Revenue of $9,997,000,000 decreased by 30.73% year over year, which beat the estimate of $9,380,000,000.

Outlook

Caterpillar hasn't issued any earnings guidance for the time being.

Caterpillar hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 31, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ci5hz2dw

Price Action

52-week high: $150.55

Company's 52-week low was at $87.50

Price action over last quarter: Up 16.61%

Company Description

Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with approximately 13% of global market share in 2018. The company is divided into four reportable segments: construction industries, resource industries, energy & transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with 2,163 branches maintained by 168 dealers. Caterpillar Financial Services provides financing to its customers and dealers, generating approximately 9% of operating profit.