Company News: Caterpillar (CAT) quarterly results beat analysts’ forecasts

Market news

29 April 2021

Company News: Caterpillar (CAT) quarterly results beat analysts’ forecasts

Caterpillar (CAT) reported Q1 FY 2021 earnings of $2.87 per share (versus $1.60 per share in Q1 FY 2020), beating analysts’ consensus estimate of $1.88 per share.

The company’s quarterly revenues amounted to $11.887 bln (+11.8% y/y), beating analysts’ consensus estimate of $11.000 bln.

CAT rose to $237.00 (+2.02%) in pre-market trading.

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