- Company News: Caterpillar (CAT) quarterly results beat analysts’ expectations
Market news
24 April 2018
Company News: Caterpillar (CAT) quarterly results beat analysts’ expectations
Caterpillar (CAT) reported Q1 FY 2018 earnings of $2.82 per share (versus $1.28 in Q1 FY 2017), beating analysts' consensus estimate of $2.10.
The company's quarterly revenues amounted to $12.859 bln (+30.9% y/y), beating analysts' consensus estimate of $11.989 bln.
The company also raised guidance for FY 2018, projecting EPS of $10.25-11.25 (versus analysts' consensus estimate of $9.15), up from $8.25-9.25.
CAT rose to $160.25 (+4.07%) in pre-market trading.
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