Company News: Caterpillar (CAT) released better than expected report and raised guidance on EPS

Market news

23 April 2015

Company News: Caterpillar (CAT) released better than expected report and raised guidance on EPS

Company reports Q1 earnings of $1.72 per share versus $1.36 consensus. Revenues fell 4.1% year/year to $12.70 bln versus $12.49 bln consensus.

Company raised guidance for FY15: EPS expected of $5.00 (up from $4.75) versus $4.75 consensus. Revenue reaffirmed on $50 bln versus $49.63 bln consensus.

CAT rose to $88.15 (+3.86%) on the premarket.

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