Caterpillar Surges as Sales Bulldoze Analysts' Forecasts: Chart

Caterpillar Inc. shares jumped to the highest since March 2012 after the equipment maker topped second-quarter revenue forecasts and boosted its outlook for this year. The company is benefiting from buoyant construction demand in Asia and parts sales in mining and energy. There is “significant scope for further EPS upside” amid accelerating sales, cost controls and dealer restocking, Goldman Sachs Group Inc. analyst Jerry Revich said in a note.

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