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The Zhitong Finance App learned that thanks to strong demand for power generation equipment, construction machinery and mining products, heavy equipment manufacturer Caterpillar (CAT.US)'s second-quarter earnings report on Tuesday easily surpassed Wall Street expectations with record results, surging more than 11% before the market. By the close of trading on Monday, the stock had accumulated a cumulative increase of 45% during the year.
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The Zhitong Finance App learned that thanks to strong demand for power generation equipment, construction machinery and mining products, heavy equipment manufacturer Caterpillar (CAT.US)'s second-quarter earnings report on Tuesday easily surpassed Wall Street expectations with record results, surging more than 11% before the market. By the close of trading on Monday, the stock had accumulated a cumulative increase of 45% during the year.
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