Company News: Caterpillar (CAT) quarterly earnings beat analysts’ estimate

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31 January 2020

Company News: Caterpillar (CAT) quarterly earnings beat analysts’ estimate

Caterpillar (CAT) reported Q4 FY 2019 earnings of $2.63 per share (versus $2.55 per share in Q4 FY 2018), beating analysts' consensus estimate of $2.38 per share.

The company's quarterly revenues amounted to $13.144 bln (-8.4% y/y), missing analysts' consensus estimate of $13.426 bln.

The company also issued downside guidance for FY 2020, projecting EPS of $8.50-10.00 versus analysts' consensus estimate of $10.67.

CAT fell to $133.84 (-1.13%) in pre-market trading.

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