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المشهد العربي
Caterpillar shares rise on record revenue
Caterpillar reported that its quarterly revenues hit a record high of $20.5 billion in the second quarter, marking the first time the company's sales surpassed this level, representing a 24% increase year-over-year. This led to a stock price rise of up to 12.6% before trimming gains to close at 873 dollars, with an increase of 5.18%. The CEO explained that the company made significant progress in order volume across key sectors, with operating profit margins expanding to 20.9% compared to 17.3% last year, reflecting the strength of the company's financial and operational performance.
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