- Company News: Caterpillar (CAT) quarterly earnings beat analysts’ expectations
Market news
24 April 2019
Company News: Caterpillar (CAT) quarterly earnings beat analysts’ expectations
Caterpillar (CAT) reported Q1 FY 2019 earnings of $2.94 per share (versus $2.82 in Q1 FY 2018), beating analysts’ consensus of $2.86.
The company’s quarterly revenues amounted to $13.466 bln (+4.7% y/y), generally in line with analysts’ consensus estimate of $13.356 bln.
The company also reaffirmed guidance for FY 2019, projecting EPS of $11.75-12.75 versus analysts’ consensus estimate of $12.29.
CAT rose to $142.35 (+0.23%) in pre-market trading.
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