© Reuters. Caterpillar Earnings, Beating Revenue in Q1
Investment.com – Caterpillar (NYSE:) reported its first quarter on Thursday, beating analyst forecasts and revenue topping expectations.
Caterpillar posted earnings per share of $2.88 on revenue of $13.59 billion. Analysts polled by Investor.com predicted EPS of $2.6 on revenue of $13.25 billion.
Caterpillar shares are up 3% year-to-date, still down 13.27% from their 52-week high of $246.69 set on June 4, 2021. They are outperforming the S&P 500, which was down 12.22% from the beginning of the year.
Caterpillar tracks earnings for other Key Industries this month
Caterpillar’s report follows earnings beat for United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38 billion, compared with a forecast EPS of 2.89 dollars on sales was $23.82 billion.
Union Pacific beat expectations on April 21 with first-quarter EPS of $2.57 on revenue of $5.86 billion, compared with forecasts for EPS of $2.56 on revenue of $5. 71 billion dollars.
Stay up to date with all upcoming earnings reports by visiting Investing.com’s earnings calendar
