Markets Poised for Weak Open Amid Soft Earnings, EU Concerns (CAT) (MSFT) (PG)
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Caterpillar (CAT) Misses Q4 EPS by 20c; Guides FY15 EPS Well Below the Street
January 27, 2015 7:34 AM ESTCaterpillar (NYSE: CAT) reported Q4 EPS of $1.35, $0.20 worse than the analyst estimate of $1.55. Revenue for the quarter came in at $14.24 billion versus the consensus estimate of $14.18 billion.
Caterpillar sees FY2015 EPS of $4.75, versus the consensus of $6.57.
2015 Outlook
We expect world economic growth to only improve modestly in 2015. The relatively slow growth in the world economy and continued weakness in commodity pricesparticularly oil, copper, coal and iron oreare expected to be negative for... More
