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Caterpillar Reports 8% Decrease in Profit in Q2 Earnings Release
By USinMinutes - Aug 06, 2024, 06:32 AM ET
Last Updated - Aug 08, 2024, 04:20 PM EDT
Caterpillar's Q2 Revenue Sees a 4% Decrease Compared to Previous Year
Caterpillar Inc. [CAT] reported a net profit of $2.681 billion for the second quarter of 2024, ending on June 30. This represents an 8% decrease from the previous quarter's net profit.
The company, headquartered in Irving, Texas, reported to SEC in an 8-K filing $5.48 earnings per share in the quarter, compared to $5.67 in the previous quarter.
Caterpillar Inc., a leader in the Machinery sector, reported revenues of $16.689 billion, showing a 4% decrease from the previous quarter's revenue.
In comparison to the same quarter in the previous year, Caterpillar Inc. experienced a 4% decrease in revenue. The profit in the current quarter also decreased by 8% compared to the profit in the same quarter of the previous year.
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As of August 7, 2024 end of day trading.
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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