Daily Management Review

Caterpillar Upgrades ‘Profit Outlook’ For Its Worldwide Product Demand


The quarterly profit performance of Caterpillar beats the analysts’ estimates.

Caterpillar Inc came out with “higher quarterly profit” which surpassed market expectations; as a result it has upgraded its “full-year profit outlook”, the reason being the worldwide demand for Caterpillar’s equipment.
The company based out of Deerfield, Illinois published its “an adjusted profit of $2.97 a share in the second quarter” which last year the same were “$1.49 a share” in comparison. Analysts had expected that an average the company’s earnings will be “$2.73” per share.
As mentioned earlier, the net profit of the quarter was at “$2.82” per share value while in comparison, last year it was only at “$1.35”. Furthermore, Reuters informed:
“The company now expects adjusted profit per share to be in a range of $11.00 to $12.00 in 2018, compared with $10.25 to $11.25 projected earlier”.

Science & Technology

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

World Politics

World & Politics

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?

‘We Are Woefully Underprepared’ As Glaciers Meltdown Leaving Global Water Supply At Risk

US to reconsider medical data security laws

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again

Pressure From China Forces Maserati To Dissociate From Film Awards Event In Taiwan

China to replace Hong Kong's Carrie Lam