Caterpillar reported a higher quarterly profit, with sales rising to $17.1 billion from $16.6 billion. The profit rose to $2.68 billion, or $5.28 per share, surpassing consensus estimates of $4.75 per share. The stock surged after a big earnings beat, driven by strong demand for its excavators and other large construction equipment amid higher infrastructure spending. Caterpillar's shares climbed on the profit beat and robust demand for mining equipment. Similarly, Eli Lilly's stock rallied toward a fifth straight record close after reporting strong fourth-quarter 2023 financial results, with earnings beating expectations and a positive outlook for 2024.
$LLY (+4.9% pre) Lilly Reports Strong Fourth-Quarter 2023 Financial Results and Provides 2024 Guidance - PR https://t.co/wIWkiVGL5b
$LLY set to open at fresh record. Q4 $2.49 eps V $2.22 on $9.35 B revenues +28%, driven by Diabetes/Weight Loss: - Trulicity $1.67 B - Jardiance $798.1 M - Mounjaro $2.2 B despite "intermittent delays in fulfilling some doses" - Zepbound $175.8 M đź‘€(it was only approved in Nov) https://t.co/AYaKzU8KiS
Eli Lilly rallies toward a fifth straight record close after earnings beat https://t.co/Rj6wsnBmL5
Eli Lilly’s stock surges toward a 5th straight record after an earnings beat and upbeat outlook https://t.co/5jVMYtEomd
Caterpillar Inc. $CAT batted away concerns of a global economic slowdown after reporting higher 4th-quarter sales in its energy and transportation business, which helped it to post profit that topped analysts’ expectations, according to Bloomberg https://t.co/NnkMGSIMaO
Caterpillar’s Energy and Transport Sales Drive Earnings Beat https://t.co/kzYV2toC9s
$CAT very resilient demand on infra spend Profit rose to $2.68 billion, or $5.28 per share, topping consensus estimates of $4.75 per share. Sales were in line with analysts forecasts, rising to $17.1 billion from $16.6 billion. https://t.co/KqD7Oy1RkP
Caterpillar's shares climb on profit beat, robust demand for mining equipment https://t.co/d9JJOfI4A9 https://t.co/HJT9epXV1V
Caterpillar Stock Soars After Blowout Earnings. This Is What Impressed. https://t.co/K15RuJY8UD
Caterpillar’s stock surges toward a record after a big earnings beat, amid a jump in profit margin https://t.co/hXzEKvSXKF
⚠️ CATERPILLAR PROFIT RISES AS LARGE CONSTRUCTION EQUIPMENT DEMAND STAYS RESILIENT (Reuters) Caterpillar reported a higher quarterly profit on Monday, buoyed by strong demand for its excavators and other large construction equipment amid higher infrastructure spending and a… https://t.co/gRcaKlk793