NEW YORK, NY / ACCESSWIRE / April 26, 2017 / Both Caterpillar Inc. and McDonald's Corporation played a huge part in helping the Dow Jones Industrial Average see a triple digit point rise on Tuesday. Both companies contributed about 45 points to the rise after releasing explosive financial results that beat estimates. Caterpillar shares broke out into the triple digits after its earnings report while McDonald's hit a new record intra-day high.

RDI Initiates Coverage on:

McDonald's Corporation
https://ub.rdinvesting.com/news/?ticker=MCD

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

McDonald's Corporation closed up 5.57% Tuesday after reporting first-quarter earnings that had the Street cheering. Earnings per share for the fast food giant climbed 18% to $1.47, which beat the analyst estimate for $1.33. While the company's revenue did fall 4% to $5.676 billion, it was still above forecasts for $5.53 billion. U.S. same-store sales for McDonald's rose 1.7% versus the $0.8% decline that was expected. Globally same-store sales rose 4%, which was also better than the Wall Street's outlook for 1.3% growth. The company also announced that it would be bringing Signature Crafted Sandwiches to U.S. restaurants next week. Shares hit a record intra-day high on Tuesday. It has now been seven straight sessions of gains for the fast food company.

Access RDI's McDonald's Research Report at:
https://ub.rdinvesting.com/news/?ticker=MCD

Caterpillar Inc. shares closed up 7.86% on heavy trading volume on Tuesday as investors were encouraged by the equipment giant's quarterly report for the three-month period ended March 31st. The company smashed expectations reporting EPS of $1.28 versus the 62 cents that analysts were waiting for, according to a consensus estimate from Thomson Reuters. Revenue came in at $9.822 billion, again beating the expected $9.271 billion by Thomson Reuters. The quarter marked the first quarterly sales increase for the company since 2015. Caterpillar also boosted its outlook looking ahead and raised its guidance for full-year earnings to $3.75 per share from $2.90 per share. The Street had been looking for $3.26 per share. Full-year revenue outlook has been lifted from $38 billion to $41 billion versus the Street's expectation of $38.27 billion.

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

Our Actionable Research on McDonald's Corporation (NYSE: MCD) and Caterpillar Inc. (NYSE: CAT) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com