Caterpillar (CAT) Taps Lows with Conference Call Ongoing
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Caterpillar Reports Third-Quarter 2016 Results
October 25, 2016 7:35 AM EDTPEORIA, Ill., Oct. 25, 2016 /PRNewswire/ --
Â
Third Quarter
($ in billions except profit per share)
2016
... MoreCat Financial Announces Third-Quarter 2016 Results
October 25, 2016 7:35 AM EDTNASHVILLE, Tenn., Oct. 25, 2016 /PRNewswire/ --Â Cat Financial reported third-quarter 2016 revenues of $651 million, a decrease of $2 million, compared with the third quarter of 2015. Third-quarter 2016 profit was $97 million, a $12 million, or 11 percent, decrease from the third quarter of 2015.
The slight decrease in revenues includes a $10 million unfavorable impact from returned or repossessed equipment and a $9 million unfavorable impact from lower average earning assets, offset by a $19 million favorable impact from higher average financing rates.
Profit before income taxes was $146 million for the third quarter of 2016, compared with $153 million for the third quarter of 2015. The decrease... More
