Earnings Recap Cheat Sheet: Dow Heavyweights Caterpillar (CAT), 3M (MMM), AT&T (T) are Winners

Earnings: Q2 profits of $1.09 vs. $.85 consensus and $.60 in Q2 last year. Profits jumped 91% Year-over-Year.

Revenue: Increased 31% Year-over-Year at $10.40 Billion vs. $9.80 Billion consensus, blowing away expectations.

Doug Oberhelman, Caterpillar CEO expressed a very positive outlook this morning, saying, “While there are significant economic concerns around the world that we are watching closely, orders have continued to outpace our shipments, and we expect to increase production in the second half of the year,”

Comment: Shares of Caterpillar (CAT) are trading up a little following the company’s earnings release this morning , trading at $67 per share, compared to yesterday’s closing price of $66.87 per share.

As you can see above, Caterpillar (CAT) shares are trading above both its 50-day and 200-day moving price averages, a very healthy sign for the company’s technicals. After this morning’s report, the uptrend of Caterpillar shares reflects the outstanding deliverance of both earnings and revenues for the 2nd quarter and the optimistic outlook ahead. Plus, Caterpillar pays a 2.7% dividend. CAT is another Dow component proving the economy is a Mixed Bag.

For more detailed information on the Caterpillar earnings release, visit here.

Earnings: Q2 profits of $1.54 vs. $1.48 consensus and $1.12 in Q2 last year.

Revenue: Increased 17.7% Year-over-Year at $6.73 Billion vs. $6.66 Billion consensus, passing up estimates.

Raised Guidance & Innovation: 3M improved its 2010 earnings target to $5.65 to $5.80, from its prior estimate of $5.40 to $5.60 a share. George W. Buckley, 3M Chairman, President and and CEO said, “Our new product vitality index is the highest in recent memory and we are taking share in many of our businesses…3M’s improved engine of organic growth, combined with our commitment to operational excellence positions us well to deliver sustainable increases in sales, earnings and free cash flow.”

Comment: Shares of 3M (MMM) are trading up over 1% following the company’s earnings release this morning, trading at $83.53 per share, compared to yesterday’s closing price of $82.30 per share.

In the chart above, you can see 3M shares are trading above both their 50-day and 200-day moving price averages — a positive sign for the stock. 3M issued a stellar Q2 earnings reports this morning with a nod up for the 2nd half of the year outlook. Also, 3M (MMM) pays a 2.6% annual dividend. With talk of product innovation arising out of the economic recession from 3M’s employees, continued better days seem to be in store for this Dow bellwether stock.

For more detailed information on the 3M earnings release, visit here.

Earnings: Q2 profits of $.68 vs. $.57 consensus and $.20 in Q2 last year.

Revenue: Increased .6% Year-over-Year at $30.80 Billion vs. $30.90 Billion consensus.

Randall Stephenson, AT&T (T) Chairman and CEO, noted optimism ahead for his company, “We continue to see positive signs of growth in almost every customer segment of our business, especially wireless, which speaks to the quality of our execution and our leadership in the industry’s most powerful growth driver — mobile broadband. I am excited by the opportunities ahead.”

Comment: Shares of AT&T (T) are trading up over 1% following the company’s earnings release this morning, trading at $25.28 per share, compared to yesterday’s closing price of $24.92 per share.

Following this morning’s earnings announcement from AT&T, the share price is now trading above the 50-day moving price average, yet still below the 200-day moving price average. With the success of Apple’s (AAPL) blowout earnings report and the strength of the Apple iPhone, AT&T should continue to see growth until any other potential carrier deals for the iPhone disrupt the flow of successful demand for the AT&T wireless service. Additionally, the 6.8% annual dividend AT&T pays to its loyal shareholders is quite attractive, so long as the share price can find support around these current levels. Pent-up demand for AT&T service should keep stockholders and buyers.

For more detailed information on the AT&T earnings release, visit here.

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Disclosure: No positions in the stocks mentioned.