- Company News: Caterpillar (CAT) quarterly results miss analysts’ estimates
Market news
23 October 2019
Company News: Caterpillar (CAT) quarterly results miss analysts’ estimates
Caterpillar (CAT) reported Q3 FY 2019 earnings of $2.66 per share (versus $2.86 in Q3 FY 2018), missing analysts’ consensus estimate of $2.90.
The company’s quarterly revenues amounted to $12.758 bln (-5.6% y/y), missing analysts’ consensus estimate of $13.488 bln.
The company also lowered FY 2019 EPS guidance to $10.90-11.40 from the low end of $12.06-13.06 (versus analysts’ consensus estimate of $11.65) and modestly lowered FY 2019 revenues guidance from $54.7 bln (versus analysts’ consensus estimate of $55.72 bln).
CAT rose to $134.36 (+0.50%) in pre-market trading.
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