Company News: Caterpillar (CAT) reported better than expected fourth quarter revenue, but earnings missed forecasts

Market news

27 January 2015

Company News: Caterpillar (CAT) reported better than expected fourth quarter revenue, but earnings missed forecasts

Caterpillar (CAT) earned $1.35 per share in the fourth quarter, missing analysts' estimate of $1.57. Revenue in the fourth quarter decreased 1.1% year-over-year to $14.24 billion, but exceeding analysts' estimate of $14.18 billion.

The company released its forecasts for fiscal year 2015. EPS is expected to be $4.75 (analysts' estimate: $6.71), while revenue is expected to be $50.00 billion in fiscal year 2015 (analysts' estimate: $54.87 billion).

Caterpillar (CAT) shares decreased to $79.59 (-7.49%) prior to the opening bell.

Company News: DuPont (DD) reported fourth quarter earnings in line with expectations, revenue declined

U.S.: Durable Goods Orders , December -3.4% (forecast +0.5%)

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