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

Market news

29 January 2021

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

Caterpillar (CAT) reported Q4 FY 2020 earnings of $2.12 per share (versus $2.63 per share in Q4 FY 2019), beating analysts’ consensus estimate of $1.49 per share.

The company’s quarterly revenues amounted to $11.235 bln (-14.5% y/y), roughly in line with analysts’ consensus estimate of $11.240 bln.

CAT rose to $190.01 (+3.08%) in pre-market trading.

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