Company News: Caterpillar (CAT) Q4 Earnings Beat Expectations

Market news

28 January 2016

Company News: Caterpillar (CAT) Q4 Earnings Beat Expectations

Caterpillar reported Q4 FY 2015 earnings of $0.74 per share (versus $1.35 in Q4 FY 2014), beating analysts' consensus of $0.69.

The company's quarterly revenues amounted to $11.030 bln (-22.6% y/y), missing consensus estimate of $11.424 bln.

Caterpillar issued guidance for FY 2016, projecting EPS of $4.00 (versus analysts' consensus of $3.53) and revenues of $40-44 bln (versus analysts' consensus of $43.48 bln).

CAT rose to $60.40 (+3.57%) in pre-market trading.

Germany: CPI, y/y , January 0.5% (forecast 0.5%)

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