- Caterpillar Inc. (CAT) reported strong quarterly earnings, beating analysts’ expectations due to increased demand for construction equipment. The company’s revenue rose by 12% to $12.9 billion, with net income reaching $1.46 billion.
- S&P Global Inc. (SPGI) announced a 16% increase in revenue for the quarter, reaching $2.17 billion, driven by growth in its market intelligence and credit ratings divisions. The company also reported a net income of $1.18 billion.
- Norfolk Southern Corporation (NSC) saw a 25% jump in revenue to $2.84 billion, surpassing estimates, due to higher freight volumes. The company reported a net income of $776 million for the quarter.
- The Dow Chemical Company (DOW) reported quarterly revenue of $12.9 billion, a 9% increase year-over-year, driven by strong performance in its packaging and infrastructure businesses. The company’s net income was $1.02 billion.
Read more at Yahoo Finance: Market Update: CAT, SPGI, NSC, DOW