- Company News: Caterpillar (CAT) Q1 Earnings Miss Analysts’ Forecasts
Noticias del mercado
22 abril 2016
Company News: Caterpillar (CAT) Q1 Earnings Miss Analysts’ Forecasts
Caterpillar reported Q1 FY 2016 earnings of $0.67 per share (versus $1.72 in Q1 FY 2015), missing analysts' consensus of $0.68.
The company's quarterly revenues amounted to $9.461 bln (-25.5% y/y), generally in-line with consensus estimate of $9.455 bln.
Caterpillar lowered FY 2016 EPS guidance to $3.70 from $4.00 (versus analysts' consensus estimate of $3.60) and FY 2016 revenues guidance to $40-42 bln from $40-44 bln (versus analysts' consensus estimate of $41.08 bln).
CAT fell to $77.50 (-1.47%) in pre-market trading.
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