Caterpillar 2Q Earnings Snapshot

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DEERFIELD, Ill. (AP) _ Caterpillar Inc. (CAT) on Wednesday reported second-quarter earnings of $1.62 billion.On a per-share basis, the Deerfield, Illinois-based company said it had profit of $2.83.The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.12 per share.The construction equipment company posted revenue of $14.43 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $14.52 billion.Caterpillar expects full-year earnings in the range of $11.75 to $12.75 per share.Caterpillar shares have climbed almost 9% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has climbed slightly more than 1% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CATThe Associated Press read more