NEW YORK, NY / ACCESSWIRE / July 26, 2017 / Both General Motors and Caterpillar Inc. reported better than expected second quarter earnings reports on Tuesday. While General Motors closed in the red despite beating the Street, shares of Caterpillar soared to a new high.

RDI Initiates Coverage on:

Caterpillar Inc.
https://ub.rdinvesting.com/news/?ticker=CAT

General Motors Company
https://ub.rdinvesting.com/news/?ticker=GM

Caterpillar Inc. shares closed up 5.88% on Tuesday and hit a new high of $114.89 after topping the Street's forecast in its second quarter earnings report. The construction machinery making company reported before the bell yesterday with shares already popping 5% before the market opened. Revenue at $11.33 billion for the period was higher than the $10.93 billion that analysts had called for. EPS of $1.49 was also way higher than the $1.26 per share that the Street expected. Traders were also enthusiastic to learn that the company upped its full-year guidance from $3.75 per share to $5.00 per share. Revenue for the full year is forecast to be in the range of $42 billion to $44 billion. CEO Jim Umpleby commented, "We anticipate making targeted investments in initiatives ... including enhanced digital capabilities and accelerating technology updates to our products." Since the start of the year, the stock has risen 23.5%.

Access RDI's Caterpillar Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=CAT

General Motors Company closed down a modest 0.70% on Tuesday with roughly 14.5 million shares traded. Share price fell despite the car maker posting better than expected quarterly net profit for the second quarter. Traders were probably disappointed with the decline in Net Income which dropped 42%to $1.66 billion, primarily due to the company's pending sale and restructuring of operations in Europe. Excluding Europe, the company earned $2.4 billion on revenue of $37 billion. Earnings per share came to $1.89, excluding one-time items. This easily beat the $1.69 that Wall Street was waiting for. Looking ahead, the company reiterated its guidance for 2017 with revenue expected to be greater than or equal to $149.2 billion. The company expects EBIT-adjusted to be greater than or equal to $12.8 billion, and EBIT-adjusted margin to be greater than or equal to 8.6%. Adjusted earnings per diluted share are expected to be in the range of $6.00 to $6.50.

Access RDI's General Motors Company Research Report at:
https://ub.rdinvesting.com/news/?ticker=GM

Our Actionable Research on Caterpillar Inc. (NYSE: CAT) and General Motors Company (NYSE: GM) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com