Caterpillar posts second-quarter earnings of $1.67 billion.

By AP News

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DEERFIELD, Ill. (AP) — Caterpillar had a strong second quarter and topped most profit expectations, though margins slipped.

DEERFIELD, Ill. (AP) — Caterpillar had a strong second quarter and topped most profit expectations, though margins slipped.

The manufacturer on Tuesday posted a quarterly profit of $1.67 billion, or $3.13. Per share earnings were $3.18 without one-time costs or benefits, which is 18 cents better than Wall Street had expected, according to a survey of industry analysts by Zacks Investment Research.

The Deerfield, Illinois, company had revenue of $14.25 billion, about in line with the $14.3 billion analysts had projected.

Operating profit margin for the quarter was 13.6%, down slightly from last year's 13.9%

Shares of Caterpillar Inc., down nearly 6% this year, slipped about 3% before the opening bell Tuesday.

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A portion of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT

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Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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