Open Demo Account
Home / Market Update / Increases Seen in Caterpillar’s Q1 Financial Report
Caterpillar
Caterpillar

Increases Seen in Caterpillar’s Q1 Financial Report

Adel 29 April, 2021 3:24 pm Market Update

Caterpillar Inc. announced its first-quarter earnings before the opening Thursday. Earnings per share (EPS) hit $ 2.87, ahead of a consensus of $ 1.94, and revenue came to $ 11.9 billion, beating expectations at 11.09.

CAT officials say this is because of higher sale volume, driven by higher-end user demand, and the impact from changes in dealer inventories.

Caterpillar is expected to benefit from U.S. President Joe Biden’s massive $2 trillion infrastructure plan that includes hundreds of billions of dollars.

Tags

Check Also

U.S. to Send Letters Outlining Tariff Rates Ahead of July 9 Deadline

U.S. President Donald Trump confirmed on Thursday that the U.S. will begin sending out letters …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends