Caterpillar Earnings, Revenue Beat in Q1
2022.04.28 14:13
Caterpillar Earnings, Revenue Beat in Q1
Investing.com – Caterpillar (NYSE:CAT) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
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 follows other major Industrials sector earnings this month
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
