Company News: Caterpillar (CAT) quarterly results beat analysts’ estimates

Market news

24 October 2017

Company News: Caterpillar (CAT) quarterly results beat analysts’ estimates

Caterpillar (CAT) reported Q3 FY 2017 earnings of $1.95 per share (versus $0.85 in Q3 FY 2016), beating analysts' consensus estimate of $1.27.

The company's quarterly revenues amounted to $11.413 bln (+24.6% y/y), beating analysts' consensus estimate of $10.691 bln.

The company raised guidance for FY2017 EPS to $6.25 (versus analysts' consensus estimate of $5.24, up from $5.00; FY2017 revenues guidance to $44 bln (versus analysts' consensus estimate of $42.97 bln), up from $42-44 bln.

CAT rose to $140.61 (+6.78%) in pre-market trading.

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