Caterpillar (CAT) beats earnings and revenue expectations, shares slide
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Cat Financial Announces First-Quarter 2023 Results
April 27, 2023 6:31 AM EDTNASHVILLE, Tenn., April 27, 2023 /PRNewswire/ -- Cat Financial reported first-quarter 2023 revenues of $768 million, an increase of $116 million, or 18%, compared with $652 million in the first quarter of 2022. First-quarter 2023 profit was $149 million, an increase of $6 million, or 4%, compared with $143 million in the first quarter of 2022. The increase in revenues was primarily due to a $123 million favorable impact from higher average financing... More
Caterpillar Reports First-Quarter 2023 Results
April 27, 2023 6:30 AM EDTFirst-quarter 2023 sales and revenues increased 17% to $15.9 billionFirst-quarter 2023 profit per share of $3.74; adjusted profit per share of $4.91Returned $1.0 billion to shareholders through dividends and share repurchases in the quarter
First Quarter
... More