Company News: Caterpillar (CAT) posts mixed Q4 financials

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26 January 2017

Company News: Caterpillar (CAT) posts mixed Q4 financials

Caterpillar reported Q4 FY 2016 earnings of $0.83 per share (versus $0.74 in Q4 FY 2015), beating analysts' consensus estimate of $0.67.

The company's quarterly revenues amounted to $9.574 bln (-13.2% y/y), missing analysts' consensus estimate of $9.812 bln.

The company also said it slightly lowered its guidance for FY 2017. It now projects EPS of $2.90 (versus analysts' consensus estimate of $3.07) and revenues in a range of $36-39 bln (versus analysts' consensus estimate of $38.3 bln).

CAT fell to $97.19 (-0.98%) in pre-market trading.

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