Caterpillar (CAT) Cuts FY15 EPS Outlook; Expects 'Modest' Global Growth, No Recession
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Price: $87.70 -0.45%
Revenue Growth %: -17.4%
Financial Fact:
Sales of Machinery and Power Systems: 12.48B
Today's EPS Names:
NED, OESX, WSTL, More
Revenue Growth %: -17.4%
Financial Fact:
Sales of Machinery and Power Systems: 12.48B
Today's EPS Names:
NED, OESX, WSTL, More
Trade CAT Now!
Caterpillar, Inc. (NYSE: CAT) shares are dipping in late trading Monday following the company lowering its outlook for fiscal 2015 earnings.
The Company now sees FY15 EPS of $12 to $18 on sales of $80 billion to $100 billion. Previously, Caterpillar was modeling EPS of $15 to $20 for FY15.
Three-year CAGR is 5 percent to 13 percent with incremental operating profit nearing 25 percent.
CEO David Doug Oberhelman said, "There are a number of geopolitical and economic factors driving uncertainty in the world today, but our base case scenario calls for modest global economic growth over the next few years."
Shares are down over 2 percent in after-hours trading, having ended the session down just under 1 percent.
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The Company now sees FY15 EPS of $12 to $18 on sales of $80 billion to $100 billion. Previously, Caterpillar was modeling EPS of $15 to $20 for FY15.
Three-year CAGR is 5 percent to 13 percent with incremental operating profit nearing 25 percent.
CEO David Doug Oberhelman said, "There are a number of geopolitical and economic factors driving uncertainty in the world today, but our base case scenario calls for modest global economic growth over the next few years."
Shares are down over 2 percent in after-hours trading, having ended the session down just under 1 percent.
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CAT stock drop for 2015 guidance is silly
tralfaz on Sep 24, 2012 05:07 PMMark as Spam | Reply to this comment
How would anyone know what the financial situation will be in 2015 when we don't even know what it will be like 3 months from now? CAT sales up 13% overall for the last 3 months. How many companies can say that? Most companies sales are declining right now while CATS is increasing. 27% higher in North America for previous 3 months!