Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss
Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.
Caterpillar cuts annual sales forecast on slowing demand, shares fall
Caterpillar said on Wednesday it expects annual revenue to be below the "slightly lower" than 2023 it forecast in August, sending the construction and mining equipment maker's shares down about 4% in morning trade.
Caterpillar Stock Falls After Earnings Miss Wall Street Estimates
Caterpillar reported weaker-than-expected third-quarter results, sending shares lower in early trading on Wednesday.Demand just isn’t what it used to be.For the third quarter, Caterpillar reported earnings per share of $5.
Caterpillar Faces Sell Rating Amid Declining Sales, Competitive Pressures, and Slowed Share Repurchases
Caterpillar (CAT – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Angel
Caterpillar Stock Price Falls on Dreary Sales Forecast
Caterpillar tempered its annual sales outlook again, as eroding construction and mining activity weigh on demand for the machinery maker’s equipment. The company said 2024 sales would be slightly below earlier expectations.
Caterpillar posts lower adjusted quarterly profit as equipment demand slows
Caterpillar reported a fall in third-quarter adjusted profit on Wednesday as higher borrowing costs and sticky inflation led to a slowdown in machinery demand, forcing the company's dealers to moderate product restocking.
Caterpillar shares drop following sales forecast cut and profit miss
CNBC's Seema Mody reports on Caterpillar's quarterly earnings results.
Caterpillar misses estimates on weakening construction
The company is viewed as an economic bellwether, with demand for its equipment used at construction sites, mining ...
Caterpillar Revenue Dips 4%, EPS Misses
Caterpillar faced declines in both sales and profits for its third quarter, missing analyst expectations, though its Energy & ...
Construction Equipment20h
Caterpillar Sales Slow in Third Quarter
Caterpillar sales declined 4% in the third quarter to $16.1 billion compared to $16.8 billion in Q3 2023. Sales in North America were down 11% to $8.5 billion, and construction segment sales dropped 9 ...
Caterpillar Q3 earnings on deck: What to expect
Caterpillar, which accounts for 18% U.S. construction market share in terms of units as per Morgan Stanley, said it ...
Caterpillar Shares Lower As Revenues Fall
Caterpillar reported a drop in sales Wednesday and lowered its revenue outlook, but confirmed its profit forecast in results that dragged on shares.
Should You Pick Caterpillar Stock Ahead Of Q3?
We expect the company’s revenues to come in at $16.2 billion and adjusted earnings of $5.36 per share, broadly aligning with ...
Construction Machinery Stocks Q2 Results: Benchmarking Caterpillar (NYSE:CAT)
Looking back on construction machinery stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including ...
Caterpillar’s Q3 2024 Results Reflect Mixed Performance
Caterpillar ( (CAT) ) has realeased its Q3 earnings. Here is a breakdown of the information Caterpillar presented to its investors. Caterpillar ...