Caterpillar Shares Hit New High After Earnings Beat

Caterpillar Shares Hit New High After Earnings Beat

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Business

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Caterpillar has reported a strong Q2 performance, surpassing expectations with $5.67 in adjusted profit and $16.5 billion in revenue. The CEO attributes this success to healthy demand and double-digit growth. Despite global recession concerns, Caterpillar's results indicate economic resilience. The company's machinery demand grew by 16%, outperforming tech giants like Microsoft. Caterpillar has effectively managed price increases on large items, contributing to its stock's best performance since June 7th, with a year-to-date increase of over 10%.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage growth did Caterpillar achieve in its machinery segment?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the market reaction to Caterpillar's stock performance mentioned in the text?

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