Caterpillar Inc. (CAT) Stock Rises on Record Earnings

Caterpillar Inc. (CAT) Stock Rises on Record Earnings

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Caterpillar Inc. (NYSE: CAT) stock traded by as much as 2.7 percent higher on Monday morning after the company reported record second-quarter earnings and raised its full-year guidance. Investors cheered the strong quarter, but analysts say there is clear evidence Caterpillar’s growth is slowing. Caterpillar reported second-quarter adjusted earnings per share of $2.97 on revenue of $14.01 billion.