Shares of Caterpillar (NYSE:CAT) were down 7.7% during mid-day
trading on Tuesday following a dissappointing earnings announcement, ARN
reports. The company traded as low as $79.10 and last traded at $79.37,
with a volume of 18,372,217 shares traded. The stock had previously
closed at $86.03.
The company reported $1.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.55 by $0.20. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.18 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis.
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The company reported $1.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.55 by $0.20. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.18 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis.
Read more at Click Here / www.trade4x.net
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