Shares of Caterpillar CAT fell 1.4% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share fell 49.62% year over year to $1.34, which beat the estimate of $1.12.
Revenue of $9,881,000,000 decreased by 22.55% year over year, which beat the estimate of $9,800,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Caterpillar hasn't issued any revenue guidance for the time being.
Price Action
Company's 52-week high was at $171.26
Company's 52-week low was at $87.50
Price action over last quarter: Up 23.46%
Company Profile
Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with approximately 16% of global market share in 2019. The company is divided into four reportable segments: construction industries, resource industries, energy & transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with over 2,000 branches maintained by 165 dealers. Caterpillar Financial Services provides financing to its customers and dealers, generating approximately 9% of operating profit.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.