Analysts are debating whether the worst is over for PYPL stock in the wake of March-quarter earnings that met Wall Street targets and lowered 2022 guidance. Read More...
Reuters
Caterpillar earnings beat powered by price hikes, equipment demand
(Reuters) -Caterpillar Inc on Thursday reported better-than-expected quarterly profit and revenue, powered by price hikes, while a surge in oil and commodity prices led to more orders for its equipment used in facilitating production and transport. Shares of the company, however, slipped 2% in trading before the bell as it indicated pressure on its profit margins in the current quarter from surging costs. Caterpillar, a proxy for global economic activity, has benefited from a staggering rise in prices of raw materials and oil, as a pick up in drilling and excavating activities drives mining and oil industries to spend more on its machinery.
