Caterpillar (CAT) Tops Q4 EPS by 26c, FY20 EPS Guidance Misses Consensus
Caterpillar (NYSE: CAT) reported Q4 EPS of $2.63, $0.26 better than the analyst estimate of $2.37. Revenue for the quarter came in at $13.14 billion versus the consensus estimate of $13.41 billion.
GUIDANCE:
Caterpillar sees FY2020 EPS of $8.50-$10.00, versus the consensus of $10.63.
"We expect continued global economic uncertainty to pressure sales to users in 2020 and cause dealers to further reduce inventories," said Umpleby. "We have improved our lead times and remain prepared to respond quickly to any positive or negative changes in customer demand. We will continue to invest in services and expanded offerings to advance our strategy for long term profitable growth, while achieving our Investor Day targets."
The outlook does not include a mark-to-market gain or loss for remeasurement of pension and OPEB plans.
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