Caterpillar Shares Soar 1.7% on Record-Breaking Quarter
Caterpillar Inc. (NYSE:CAT) closed Wednesday up 1.7% after strong second-quarter sales and revenue reports.
The company's record-breaking quarter saw $20.5 billion in sales, which is a significant increase from last year's $16.5 billion.
Around 3 million shares changed hands during mid-day trading, an increase of about 6% from the average daily volume.
Analysts have cited Caterpillar's large backlog and increased 2026 outlook as evidence that demand remains resilient.