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.
Caterpillar reported Q3 earnings on Wednesday, missing xxxWall Street’s expectations. Earnings per share fell 8% to $2.66 and revenue dropped by 6% to $12.76 billion, much below expectation at $13.38 billion. The company lowered financial outlook for 2019 with adjusted EPS to a range of $10.90-$11.40 from $12.06-$13.06. Caterpillar expects flat end-user demand in Q4, as customers are hesitant in capital spending due to global uncertainty.
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