Caterpillar Inc (NYSE: CAT) reported second-quarter 2021 financial results before the regular market hours on Friday. The manufacturer of construction machinery and equipment reported Q2 revenue of $12.9 billion, up 29% year-over-year and higher than the Wall Street projection. Net income of $2.60 per share was also above the target that analysts had anticipated.
CAT shares were down 0.5% immediately following the announcement. The stock has gained 17% since the beginning of this year.
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