Investing.com - Caterpillar (NYSE:CAT) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Caterpillar announced earnings per share of $3.18 on revenue of $14.2B. Analysts polled by Investing.com anticipated EPS of $3.01 on revenue of $14.28B.
Caterpillar shares are down 5% from the beginning of the year and are trading at $194.86 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.59% 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, July 26, 2022, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday, July 21, 2022 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar