Caterpillar Misses Estimates on Weakening Construction [Financial Post (Toronto, Ontario, Canada)]
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Caterpillar Inc. posted a third-quarter profit that missed analysts' expectations as the machinery producer grappled with weakening demand in construction around the world. The US maker of iconic yellow industrial machines reported adjusted per-share earnings of $5.17 on Wednesday, missing the $5.34 average estimate of analysts polled by Bloomberg. Caterpillar is viewed as a bellwether for the economy, with its heavy equipment deployed at construction sites, mining operations and energy projects across the globe. The Irving, Texas-based company also warned investors that it now expects 2024 full-year sales and revenue to be “slightly lower” than it expected during its prior earnings call. Shares fell as much as 6.3% during premarket trading in New York. Earnings by Caterpillar, one of the world's biggest producers of heavy machinery, come amid u
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News
- Caterpillar Inc. (NYSE: CAT) had its price target lowered by analysts at Citigroup Inc. from $445.00 to $435.00. They now have a "buy" rating on the stock.MarketBeat
- Caterpillar Inc. (NYSE: CAT) had its price target raised by analysts at Robert W. Baird from $299.00 to $300.00. They now have an "underperform" rating on the stock.MarketBeat
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- Cat Financial Announces Third-Quarter 2024 Results [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CAT
Earnings
- 10/30/24 - Miss
CAT
Sec Filings
- 10/30/24 - Form 8-K
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- CAT's page on the SEC website