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

Market news

25 January 2018

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

Caterpillar (CAT) reported Q4 FY 2017 earnings of $2.16 per share (versus $0.83 in Q4 FY 2016), beating analysts' consensus estimate of $1.78.

The company's quarterly revenues amounted to $12.896 bln (+34.7% y/y), beating analysts' consensus estimate of $12.005 bln.

The company also issued upside guidance for FY 2018, projecting EPS of $8.25-9.25 versus analysts' consensus estimate of $8.29.

CAT rose to $173.50 (+3.07%) in pre-market trading.

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