Caterpillar’s adjusted EPS rose 73% year-over-year
Caterpillar reported a strong second quarter with adjusted earnings per share of $8.17, a 73% increase from the same period last year.
The company’s revenue also saw significant growth, reaching $20.5 billion.
This surge in earnings and revenue suggests that the AI boom is still driving growth in the industry.
Caterpillar’s stock held onto gains of over 6% on Tuesday following the release of the earnings report.