Company News: Caterpillar (CAT) lowered revenue guidance

Market news

23 July 2015

Company News: Caterpillar (CAT) lowered revenue guidance

Company reported Q2 profit of $1.27 per share, as expected. Revenues fell 13.0% year/year to $12.32 bln versus $12.68 bln consensus.

Company sees EPS of $4.70-5.00 for FY15 versus $4.96 consensus. Revenue guidance for FY15 lowered to about $49 bln from about $50 bln versus $49.48 bln consensus.

CAT fell to $77.19 (-3.22%) on the premarket.

Company News: 3M (MMM) reported mixed data

Canada: Retail Sales, m/m, May 1.0% (forecast 0.5%)

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