Caterpillar Inc. (CAT Quick QuoteCAT - Free Report) , the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, reported second-quarter 2018 results, wherein adjusted earnings of $2.97 surpassed the Zacks Consensus Estimate of $2.66 by a margin of 12%.

 

Revenue: Caterpillar posted revenues of $14.0 billion, ahead of the Zacks Consensus Estimate of $13.8 billion.

 

Earnings Estimates Revision: The Zacks Consensus Estimate for the second quarter has edged up 0.4% over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 33%.

 

 

Zacks Rank: Currently, Caterpillar carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.

 

Market Reaction: Caterpillar shares gained 3.55% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.

 

Check back later for our full write up on Caterpillar’s earnings report!

 

 

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.