Caterpillar (CAT) Falls After Q2 EPS Miss
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Price: $827.90 +1.53%
Financial Fact:
Research and development expenses: 453M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Research and development expenses: 453M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Caterpillar Inc. (NYSE: CAT) is down 6% after missing Q2 bottom-line views. Deere & Company (NYSE: DE) is down 2% in sympathy.
Caterpillar reported Q2 EPS of $1.72, $0.07 worse than the analyst estimate of $1.79. Revenue for the quarter came in at $14.2 billion versus the consensus estimate of $13.52 billion.
Sees FY2011 EPS of $6.75-$7.25, versus prior guidance of $6.25-$6.75 and the consensus of $6.96. Sees FY2011 revenue of $54-$56 billion, versus prior guidance of $52-$54 billion and the consensus of $55.72 billion.
Caterpillar reported Q2 EPS of $1.72, $0.07 worse than the analyst estimate of $1.79. Revenue for the quarter came in at $14.2 billion versus the consensus estimate of $13.52 billion.
Sees FY2011 EPS of $6.75-$7.25, versus prior guidance of $6.25-$6.75 and the consensus of $6.96. Sees FY2011 revenue of $54-$56 billion, versus prior guidance of $52-$54 billion and the consensus of $55.72 billion.
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