Why Caterpillar (CAT) Share Are Surging Today - Caterpillar (NYSE:CAT)

Caterpillar Inc (NYSE:CAT) reported third-quarter FY22 sales and revenue growth of 21% year-over-year to $14.99 billion, beating the consensus of $14.85 billion.
Adjusted EPS of $3.95 beat the consensus of $3.27.
Favorable price realization and higher sales volume drove the numbers.
Segment Revenue: Construction Industries $6.28 billion (+19% Y/Y), Resource Industries $3.09 billion (+30% Y/Y), and Energy & Transportation $6.19 billion (+22% Y/Y).
The operating profit margin was 16.2%, compared with 13.4% in 3Q21.
Caterpillar ended the quarter with $6.35 billion of cash and equivalents.
Chairman and CEO Jim Umpleby said, "Our team remains focused on serving our customers as we continued to see healthy demand across most of our end markets during the third quarter."
Price Action: CAT shares are trading higher by 8.90% at $214.49 on the last check Thursday.
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