Caterpillar Q2 Results Top Estimates; Lifts 2018 Profit View

Caterpillar Inc. (CAT) reported a second-quarter profit that more than doubled from last year. Operating profit increased 83 percent from the prior year, mostly due to higher sales volume. Favorable price realization was partially offset by higher manufacturing costs. Quarterly total sales and revenues grew 24 percent. The company raised its 2018 profit per share outlook.

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