Market Overview

Caterpillar's (CAT) Q3 Revenue Falls Short

Share:
Related CAT
Goldman Sachs Turns Cautious On Machinery Stocks
Big Banks Deliver Mixed Results, But JP Morgan Stands Out With Strong Quarter
Jane's June Dividend Increases And Income - Retirement Accounts (Seeking Alpha)

Caterpillar Inc. (NYSE: CAT) reports Q3 EPS $0.85, beats by $0.08.

  • Revenue of $9.16 missed by $0.68 billion.
  • Caterpillar revised its 2016 sales and revenue to be around $39 billion and profit of $2.35 per share ($3.25 per share excluding restructuring costs).
  • Company previously guided its sales and revenue to be in a range of $40.0 to $40.5 billion and profit to be around $2.75 per share ($3.55 per share excluding restructuring costs).
  • Preliminary 2017 outlook is calling for sales and revenue to "not be significantly different than 2016."
  • Company maintained $0.77 per share dividend.
  • Check out the full release here.

Posted-In: Caterpillar Caterpillar Earnings Caterpillar OutlookEarnings News

 

Related Articles (CAT)

View Comments and Join the Discussion!