Caterpillar (CAT) tops earnings expectations but sales volume declines
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Caterpillar (CAT) Tops Q1 EPS by 46c, Misses on Revenue
April 25, 2024 6:31 AM EDTCaterpillar (NYSE: CAT) reported Q1 EPS of $5.60, $0.46 better than the analyst estimate of $5.14. Revenue for the quarter came in at $15.8 billion versus the consensus estimate of $16 billion.
For earnings history and earnings-related data on Caterpillar (CAT) click here.
... MoreCaterpillar, Deere inventories in focus as machinery demand plateaus
April 24, 2024 1:30 PM EDTBy Deborah Mary Sophia
(Reuters) - Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector.
Coming off of a strong 2023 where supply chain concerns and soaring demand prompted dealers to bulk up on tractors, combines and construction equipment, U.S. machinery makers are now seeing a moderation in product stocking at dealers, forcing them to tighten their inventories.
"I do think inventories are going to be the most... More
