Caterpillar beats estimates with strong earnings

3 months ago

Nathan Hager

"Outperforming Nvidia this morning is another name that we like to look at for the global growth picture, and that is Caterpillar. Cat is your ticker. Trading at $550 a share, higher by almost 5%. They had that massive exposure to Asia. They were worried about a construction slowdown as well, but it looks like their earnings are coming in very strong. They're beating estimates and also they're talking about higher sales from their energy unit."

Nathan highlights Caterpillar's robust earnings beat and improved sales outlook, suggesting that the company is overcoming previous worries about Asian construction slowdowns.

Related Stocks