Dow 30 Component Caterpillar Misses Earning Expectations

By John Heerdink LinkedIn

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.

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.

Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates

.

oct3(6)

(Read Original Story: Caterpillar Earnings Miss Badly; Dow Jones Stock Slashes Outlook in Investor's Business Daily)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us