Shares of Caterpillar (CAT -2.55%) were pulling back on concerns around new tariffs on goods from Canada, Mexico, and China. Those weighed on the stock market generally, and Caterpillar specifically, as the multinational company is heavily dependent on the global supply chain.
Caterpillar (NYSE: CAT) recently released its Q4 results, with revenue missing and earnings exceeding the street estimates. It reported revenue of $16.2 billion and adjusted earnings of $5.14 per share, compared to the consensus estimate of $16.4 billion and $5.02, respectively.
Higher interest rates and reduced construction lending threaten Caterpillar's recent strong performance, potentially leading to overvaluation and declining sales and profit margins. Analysts' expectations for Caterpillar's EPS and revenue growth are overly optimistic. They overlook temporary high-profit margins and the lack of necessary infrastructure planning. High inventory levels and a slowi...
Caterpillar Inc. (NYSE:CAT ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Jim Umpleby - Chairman, Chief Executive Officer Andrew Bonfield - Chief Financial Officer Alex Kapper - Vice President, Investor Relations Conference Call Participants Steven Volkmann - Jefferies Michael Feniger - Bank of America Rob Wertheimer - Melius Research David Raso - Evercore I...
Caterpillar (CAT -4.53%), a global leader in construction and mining equipment manufacturing, reported mixed fourth-quarter 2024 earnings on Thursday, Jan. 30. While adjusted earnings per share (EPS) of $5.14 beat analysts' consensus expectations of $5.02, the company faced challenges as revenue of $16.2 billion fell short of the forecasted $16.61 billion.
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