Earnings release for Caterpillar
- Q1 adjusted EPS $2.82 vs $2.12 estimate
- Q1 revenue $12.9 bn vs $12.04 bn estimate
- Sees full-year adjusted EPS at $10.25 to $11.25; estimate was $9.27
A beat for Caterpillar earnings. They also raised the full-year profit per share outlook, attributing the stronger forecast to higher demand across all regions and most end markets.
Shares are up 2.4% in pre-market trading at the moment to $157.50.
That should provide some positive momentum to US stocks later even after the failed jolt from Alphabet's earnings beat yesterday.
