Caterpillar reported quarterly earnings that blew past Wall Street's expectations on Thursday, yet revenue fell short of estimates.
The company posted second-quarter adjusted earnings per share of $1.69, compared with $1.45 a share in the year-earlier period. Revenue for the quarter came in at $14.15 billion, versus $14.62 billion a year ago. Including items, the company booked a profit of $1.57 per share.
Analysts had expected the machinery giant to report earnings of $1.52 a share on $14.47 billion in revenue, according to a consensus estimate from Thomson Reuters.
"Mining is still very slow," Chairman and CEO Doug Oberhelman told CNBC shortly after the world's largest maker of earth-moving machinery released results. "But for the first time in a long time, really since 2012, ... our second-quarter mining business was up very slightly from our first. That might be a green shoot," he said. "We're past the bottom in mining for sure."
In the interview on "Squawk Box," Oberhelman added that business in construction, transportation, and energy "are going fine."