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Caterpillar Turns Lower Despite Profit Topping Estimates
Caterpillar profit beat analysts' forecasts on strong machinery and equipment sales, a sign that tariffs and an economic slowdown aren't having as strong an impact as perceived.
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The Deerfield, Illinois-based component of the Dow Jones Industrial Average said it earned $1.88 billion, or $2.94 an adjusted share, compared with $1.66 billion, or $2.82 an adjusted share, in the comparable year-earlier quarter. Analysts polled by FactSet had been expecting earnings of $2.83 a share.
Sales came in at $13.5 billion, above last year's $12.9 billion and higher than consensus estimates of $13.3 billion. In the same period a year ago, the company posted earnings of $2.82 a share on sales of $12.9 billion.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: CATc1dl0831.png]](https://finviz.com/publish/042519/CATc1dl0831.png)
Caterpillar profit beat analysts' forecasts on strong machinery and equipment sales, a sign that tariffs and an economic slowdown aren't having as strong an impact as perceived.
...
The Deerfield, Illinois-based component of the Dow Jones Industrial Average said it earned $1.88 billion, or $2.94 an adjusted share, compared with $1.66 billion, or $2.82 an adjusted share, in the comparable year-earlier quarter. Analysts polled by FactSet had been expecting earnings of $2.83 a share.
Sales came in at $13.5 billion, above last year's $12.9 billion and higher than consensus estimates of $13.3 billion. In the same period a year ago, the company posted earnings of $2.82 a share on sales of $12.9 billion.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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