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Caterpillar's Q2 earnings missed expectations, though revenue beat estimates and stock remains strong.
Caterpillar Inc. reported second-quarter earnings of $4.72 per share, slightly below expectations, while revenue of $16.57 billion exceeded estimates but declined 0.7% year-over-year.
The company, a global manufacturer of construction and mining equipment, engines, turbines, and locomotives, posted a net margin of 14.95% and a return on equity of 48.95%.
Its stock, trading at $466.06 with a market cap of $218.34 billion, has a P/E ratio of 23.71 and a beta of 1.41.
Analysts forecast full-year earnings of $19.86 per share, with a "Moderate Buy" consensus rating and a target price of $464.33.
Multiple firms adjusted their stakes in the company during the quarter, including Crown Oak Advisors, KG&L Capital Management, and Stockman Wealth Management.
Las ganancias de Caterpillar del segundo trimestre no alcanzaron las expectativas, aunque los ingresos superaron las estimaciones y las existencias siguen siendo fuertes.