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Why Did Caterpillar’s Q2 Results Miss Expectations?

By John F. Heerdink, Jr.

Reportedly, Caterpillar, Inc. (CAT) released its Q2 earnings early on Wednesday which missed Wall Street Expectations. The Company pointed to weak China sales, higher productions and restructured costs for the less than stellar results. The company’s EPS increased by less than 1% to $2.83 in comparison to analysts’ expectation of $3.12. Revenue of $14.43 billion was reported as against Wall Street expectation of $14.52 billion. The company maintained its full-year earnings forecast of $12.06-$13.06 per share.

CAT’s stock climbed  back to $132.05 after it plunged as low as $128.45/share. The 52-wk trading range is $112.06 – $159.37.

Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent. To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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