Investing.com - Caterpillar (NYSE:CAT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Caterpillar announced earnings per share of $1.34 on revenue of $9.88B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $9.71B.
Caterpillar shares are up 10% from the beginning of the year and are trading at $163.20 , down-from-52-week-high.They are outperforming the Dow Jones which is down 2.99% from the start of the year.
Caterpillar follows other major Capital Goods sector earnings this month
Caterpillar's report follows an earnings beat by ASML ADR on Wednesday, October 14, 2020, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Lockheed Martin had beat expectations on Tuesday, October 20, 2020 with third quarter EPS of $6.25 on revenue of $16.5B, compared to forecast for EPS of $6.09 on revenue of $16.11B.
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