Market news
23.10.2019, 11:55

Company News: Caterpillar (CAT) quarterly results miss analysts’ estimates

Caterpillar (CAT) reported Q3 FY 2019 earnings of $2.66 per share (versus $2.86 in Q3 FY 2018), missing analysts’ consensus estimate of $2.90.

The company’s quarterly revenues amounted to $12.758 bln (-5.6% y/y), missing analysts’ consensus estimate of $13.488 bln.

The company also lowered FY 2019 EPS guidance to $10.90-11.40 from the low end of $12.06-13.06 (versus analysts’ consensus estimate of $11.65) and modestly lowered FY 2019 revenues guidance from $54.7 bln (versus analysts’ consensus estimate of $55.72 bln).

CAT rose to $134.36 (+0.50%) in pre-market trading.

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