Caterpillar (CAT) Buyback to Exceed $750M if Shares Are Undervalued - Bloomberg, Citing Comments on Call

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Go back to Caterpillar (CAT) Buyback to Exceed $750M if Shares Are Undervalued - Bloomberg, Citing Comments on Call

Cat Financial Announces Third-Quarter 2018 Results

October 23, 2018 7:31 AM EDT

NASHVILLE, Tenn., Oct. 23, 2018 /PRNewswire/ -- Cat Financial reported third-quarter 2018 revenues of $735 million, an increase of $62 million, or 9 percent, compared with the third quarter of 2017. Third-quarter 2018 profit was $125 million, a $39 million, or 45 percent, increase from the third quarter of 2017.

The increase in revenues was due to a $33 million favorable impact from higher average financing rates, a $27 million favorable impact from higher average earning assets and a $13 million favorable impact from returned or repossessed equipment. These favorable impacts were partially offset by a $14 million unfavorable impact from lower lending activity with Caterpillar.

Profit before income... More