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Caterpillar announced earnings per share of $2.69 on revenue of $13.8B. Analysts polled by Investing.com anticipated EPS of $2.27 on revenue of $13.17B.
Caterpillar shares are up 2% from the beginning of the year, still down 13.99% from its 52 week high of $246.69 set on June 4, 2021. They are outperforming the S&P Global 100 which is down 5.94% from the start of the year.
Caterpillar’s report follows an earnings beat by Union Pacific on January 20, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
