Caterpillar (CAT) Misses Q2 EPS by 29c; Maintains Outlook

Caterpillar (NYSE: CAT) reported Q2 EPS of $2.83, $0.29 worse than the analyst estimate of $3.12. Revenue for the quarter came in at $14.4 billion versus the consensus estimate of $14.44 billion.

"Sales and revenues increased this quarter, including a record performance from Construction Industries, which reflected our strong competitive position globally," said Caterpillar Chairman and CEO Jim Umpleby. "Our strong operating cash flow in the quarter allowed us to repurchase shares and pay dividends of about $1.9 billion. This is in line with our intention to return substantially all free cash flow to shareholders."

GUIDANCE:

Caterpillar maintains FY2019 EPS of $12.06-$13.06.

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

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