Caterpillar Posts Record $20.5B Q2 Revenue and Lifts Full-Year Outlook
· 1 sources
Caterpillar (CAT) reported record second-quarter revenue of $20.5B and raised its full-year outlook, according to scanx.trade.
What happened
Caterpillar (CAT) reported record revenue for the second quarter, according to scanx.trade. The figure cited is $20.5B.
The same report says the company also raised its outlook for the full year. The source does not provide further detail on the new guidance or on other results.
Context
Caterpillar is a major maker of construction and mining equipment, and its quarterly results are closely followed as an indicator of industrial demand.
Why it matters
Record revenue and a higher outlook may shape how investors assess Caterpillar's current performance and expectations for the rest of the year.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$391.14Fair range: $310.83 to $492.20The price ($557.38) is 42.5% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $506.91 and $606.27; 9 in 10, between $432.53 and $710.53.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
ATLAS Signals
ATLAS Signals, every week
The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.
By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy