$CAT Caterpillar Q2 Earnings
Adj. EPS $8.17, est. $6.17
EPS $7.77 vs. $4.62 y/y
Backlog $72.1B
Order backlog increased $9.4B in 2Q vs 1Q
Order backlog increased $34.6B in 2Q y/y
Shares jump 5.8% after 2Q revenue beats estimates
Everyone is digging a giant hole to hell