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Caterpillar announced earnings per share of $2.88 on revenue of $13.59B. Analysts polled by Investing.com anticipated EPS of $2.6 on revenue of $13.25B.
Caterpillar shares are up 3% from the beginning of the year, still down 13.27% from its 52 week high of $246.69 set on June 4, 2021. They are outperforming the S&P 500 which is down 12.22% from the start of the year.
Caterpillar’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
