Why Caterpillar Stock Popped Today
Shares of Caterpillar (NYSE: CAT) were soaring today after the company reported better-than-expected third-quarter results that beat analysts' top- and bottom-line consensus estimates.
As a result, the industrial stock jumped by 9.7% as of 10:46 a.m. ET.
The construction and mining equipment maker released its third-quarter results today, with total revenue increasing 21% from the year-ago quarter to $15 billion -- compared to Wall Street's consensus average of $14.3 billion.
Source Fool.com
