Company News: Caterpillar (CAT) quarterly earnings miss analysts’ expectations

Market news

28 January 2019

Company News: Caterpillar (CAT) quarterly earnings miss analysts’ expectations

Caterpillar (CAT) reported Q4 FY 2018 earnings of $2.55 per share (versus $2.16 in Q4 FY 2017), missing analysts’ consensus estimate of $2.99.

The company’s quarterly revenues amounted to $14.342 bln (+11.2% y/y), being generally in line with analysts’ consensus estimate of $14.365 bln.

The company also issued downside guidance for FY 2019, projecting EPS of $11.75-12.75versus analysts’ consensus estimate of $12.77.

CAT fell to $129.25 (-5.56%) in pre-market trading.

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