Caterpillar (CAT) Moves Above 50-Day SMA Post Q2 Earnings: Time to Buy?
Caterpillar(CAT) ZACKS·2024-08-10 00:50
Caterpillar Inc. (CAT) reported second-quarter 2024 results on Aug 6. Although revenues declined 4%, the company achieved year-over-year margin improvement and recorded its highest-ever quarterly earnings. Earnings surpassed expectations, but revenues fell short. Despite mixed results, Caterpillar’s moved up 6% since the report as the market had anticipated it to report declines in the top and the bottom line.The mining and construction equipment giant lowered its sales outlook for 2024 but provided upbeat ...