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2025-10-29 21:40:01
Caterpillar's earnings report sends its stock surging 9.5% to a new high for the year. (1) Caterpillar's stock price jumped 9.5% to $574.6 in early trading, marking a significant single-day gain. (2) Third-quarter earnings per share reached $4.95, far exceeding the market expectation of $4.52, a nearly 10% over-expectation. (3) Quarterly revenue reached $17.64 billion, exceeding the expected $16.77 billion by $870 million, demonstrating strong performance. (4) A surge in investment in artificial intelligence infrastructure was a major driver, boosting demand for energy and mining equipment. (5) US government policy support for energy projects provided additional support for equipment sales, with the industry continuing to rise. (6) Including the intraday gain, the stock has risen 57.9% year-to-date, significantly outperforming the market benchmark index. (7) The better-than-expected earnings were mainly driven by both improved profit margins and increased sales revenue. (8) Strong demand for heavy machinery reflects the upward phase of the global infrastructure investment cycle.
