Caterpillar has reported earnings of US$999 million for the second quarter, up from $960 million in the same period a year ago.
Sales totalled $14.15 billion, down from $14.62 billion a year ago, and below the FactSet consensus of $14.45 billion.
We’re pleased with our second-quarter results, particularly the improvement in profit. We increased the bottom line despite a weak quarter for our Resource Industries segment, which is principally mining,” said Doug Oberhelman, Caterpillar Chairman and CEO.