Caterpillar (NYSE:CAT) reported second quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.83 on revenue of $14.43B. Analysts polled by anticipated EPS of $3.12 on revenue of $14.36B. That compared to EPS of $2.97 on revenue of $14.01B in the same period a year earlier. The company had reported EPS of $2.94 on revenue of $13.47B in the previous quarter.
Caterpillar shares lost 2.90% to trade at $134.10 in pre-market trade following the report.
Caterpillar follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported second quarter EPS of $-5.82 on revenue of $15.75B, compared to forecasts of EPS of $1.87 on revenue of $19.21B.
Honeywell earnings beat analysts' expectations on July 18, with second quarter EPS of $2.1 on revenue of $9.24B. analysts expected EPS of $2.08 on revenue of $9.35B
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