Cat Financial Announces Second Quarter Results

Published 07/24 2014 07:30PM

Updated 07/24 2014 07:34PM

Caterpillar Financial reported second quarter revenues of $728 million, an increase of $34 million or 5 percent compared with the second quarter of last year. Meantime, second quarter profit after tax was $146 million or 32 percent increase from the second quarter of last year. Profit before income taxes was $206 million compared to $158 million for the second quarter of last year. The increase was primarily due to the absence of a $23 million currency loss in the second quarter of last year, a $17 million favorable impact from higher average earning assets and a $16 million improvement on net yield on average earning assets.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

CIProud Workday Newsletter Sign-up