CAT Stock Rises On Huge Earnings Beat As Backlog Soars
Market Intelligence Analysis
AI-PoweredCaterpillar's (CAT) stock rose significantly after the company reported a huge earnings beat, driven by record sales in power equipment for data centers, despite tariff costs affecting the bottom line.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Caterpillar blew away fourth-quarter earnings estimates early Thursday as power equipment sales for data centers fueled record sales, even though tariff costs weighed on the bottom line. CAT stock climbed near an all-time high in early stock market action, helping to lift the Dow Jones Industrial Average.
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