Investing.com - A number of major U.S. companies Wednesday reported June quarter earnings that beat forecasts.
McDonald’s reported earnings per share in the quarter of $1.73, compared with an estimate of $1.62.
The fast-food giant reported revenues in the period of $6.05 billion against a forecast of $5.96 billion.
Caterpillar (NYSE:CAT) sailed past an estimate of EPS of $1.25 in the quarter, reporting a figure of $1.49.
Revenues were $11.33 billion, compared with a consensus estimate of $10.97 billion.
The heavy machinery manufacturer also raised its full-year revenues and sales forecast and its profit outlook.
DuPont (NYSE:DD), which is merging with Dow Chemical (NYSE:DOW) , also surpassed earnings and revenues forecasts.
June quarter EPS came in at $1.38 against an estimate of $1.29. It reported revenues of $7.42 billion.
GM reported EPS of $1.89 against a forecast of $1.69 but revenues fell well short of estimates.
Eli Lilly reported EPS of $1.11 against a forecast of $1.05.
Revenues of the pharmaceutical firm also beat estimates, coming in at $5.82 billion.
3M was an exception as both earnings per share and revenues missed analyst estimates.
EPS in the June quarter came in at $2.25, compared with an estimate of $2.54.