(Boursier.com) — Caterpillar , the American giant of construction machinery, lost ground before the stock market on Wall Street, the group having published for the second quarter revenues up 11% year-on-year to 14.2 billion dollars, for adjusted earnings per share of $3.18. The market consensus was set at $14.35 billion in revenue and around $3 in adjusted EPS. Supply chain issues and the suspension of Russian operations weighed on quarterly activity. The operating margin contracted, with the growth of social and freight costs. The margin thus fell to 13.6%, against 13.9% over the same period, a year earlier.
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