Caterpillar (CAT) Stock Soars, but One Growth Driver Stands Out

TLDR CAT stock rose more than 10% after Caterpillar reported stronger-than-expected second-quarter earnings and revenue. Adjusted earnings reached $8.17 per share, beating the $5.71 estimate. Quarterly sales and revenue climbed 24% to a record $20.5 billion. Caterpillar’s order backlog reached a company record of $72.1 billion. Power and Energy sales rose 17% as data-center and [...]

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