Earnings Surge: Caterpillar, Wayfair, McDonald's See Shares Rise Amid Q2 Results
Caterpillar and Wayfair shares have seen significant gains following their respective earnings calls. Caterpillar's second-quarter results exceeded Wall Street expectations, easing concerns over power-generation equipment sales to data centers. The company now expects revenue growth in the current quarter.
Wayfair's shares also rose after it provided third-quarter guidance during its earnings call. The furniture retailer forecast high single-digit revenue growth for the quarter, a more modest target than some had anticipated.
McDonald's reported comparable sales that were slightly below sell-side consensus estimates, but adjusted EPS was ahead of expectations. Palantir shares jumped after it boosted full-year revenue and income forecasts, describing commercial demand for its data analytics tools as 'otherworldly.'