Thierry Martin
07-19-2005, 02:59 PM
Caterpillar (CAT) shares surged 4% Tuesday morning after Jim Cramer's recommendation to buy the stock ahead of earnings due later this week. Cramer expects Caterpillar has had a "blowout" quarter. Stock could be viewed as an oil play, since Caterpillar provides equipment to oil companies.
Caterpillar is expected Thursday to report earnings of $1.01 a share, up from 78 cents a share in the same period a year ago, according to analysts polled by Thomson First Call. Revenue is projected at $8.3 billion, up from $7.1 billion.
Caterpillar is expected Thursday to report earnings of $1.01 a share, up from 78 cents a share in the same period a year ago, according to analysts polled by Thomson First Call. Revenue is projected at $8.3 billion, up from $7.1 billion.