Caterpillar (CAT) Tops Q1 EPS by 39c, Revenues Beat

Caterpillar (NYSE: CAT) reported Q1 EPS of $3.25, $0.39 better than the analyst estimate of $2.86. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.46 billion.

GUIDANCE:

Caterpillar sees FY2019 EPS of $12.06-$13.06, versus the consensus of $12.30. This compared with the previous outlook range of $11.75 to $12.75. The first-quarter discrete tax benefit of $178 million, or $0.31 per share, is related to U.S. tax reform as a result of final regulations recently issued by the U.S. Treasury.

For earnings history and earnings-related data on Caterpillar (CAT) click here.

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