- Company News: Caterpillar (CAT) reported better than expected fourth quarter revenue, but earnings missed forecasts
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27 janeiro 2015
Company News: Caterpillar (CAT) reported better than expected fourth quarter revenue, but earnings missed forecasts
Caterpillar (CAT) earned $1.35 per share in the fourth quarter, missing analysts' estimate of $1.57. Revenue in the fourth quarter decreased 1.1% year-over-year to $14.24 billion, but exceeding analysts' estimate of $14.18 billion.
The company released its forecasts for fiscal year 2015. EPS is expected to be $4.75 (analysts' estimate: $6.71), while revenue is expected to be $50.00 billion in fiscal year 2015 (analysts' estimate: $54.87 billion).
Caterpillar (CAT) shares decreased to $79.59 (-7.49%) prior to the opening bell.
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