The yearly earnings of construction and mining equipment manufacturer Caterpillar are expected to significantly outperform Wall Street predictions, according to Goldman Sachs. Caterpillar, which is based in Peoria, Ill., said on Tuesday that its second-quarter profit rose more than 50 percent from a year earlier as it benefited from strong demand for heavy machinery used by the oil "Construction The construction machinery market is in the early stages of recovery and offers increased scope for inventory restock as the industry's capital expenditure on machinery returns to normal, according to Goldman Sachs analyst Jerry Revich.
The yearly earnings of construction and mining equipment manufacturer Caterpillar are expected to significantly outperform Wall Street predictions, according to Goldman Sachs. Caterpillar, which is based in Peoria, Ill., said on Tuesday that its second-quarter profit rose more than 50 percent from a year earlier as it benefited from strong demand for heavy machinery used by the oil The construction machinery market is in the early stages of recovery and offers increased scope for inventory restock as the industry's capital expenditure on machinery returns to normal, according to Goldman Sachs analyst Jerry Revich.