Form 8-K CATERPILLAR INC For: Oct 22

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Go back to Form 8-K CATERPILLAR INC For: Oct 22

Caterpillar (CAT) Misses Q3 EPS by 3c; Trims FY15 EPS Outlook

October 22, 2015 7:33 AM EDT

Caterpillar (NYSE: CAT) reported Q3 EPS of $0.75, $0.03 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $11 billion versus the consensus estimate of $11.16 billion.

2015 Outlook

The 2015 outlook for sales and revenues is about $48 billion, and that is unchanged from the outlook that was included with the September 24 announcement of new restructuring actions.

The outlook for profit per share is about $3.70, or $4.60 excluding restructuring costs. The expectation for 2015 restructuring costs has increased significantly, from about $250 million to about $800 million, and is a result of the additional restructuring... More