Caterpillar Stock Soars on Record Second Quarter Performance

Caterpillar has reported a strong second quarter, with its stock jumping 10% and revenues reaching $991 million, a 10% increase from last year.

The company's sales and revenues also saw a significant boost, increasing by 24% to $20.5 billion in the same period.

This marks a historic milestone for Caterpillar, with CEO Joe Creed stating that it is 'the first time in company history' that they have exceeded $20 billion in sales and revenues in a single quarter.