BMO Capital Downgrades Caterpillar (CAT) to Market Perform
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July 24, 2013 10:51 AM EDT
On Tuesday morning Caterpillar, Inc. (NYSE: CAT) reported Q2 EPS of $1.45, $0.26 worse than the analyst estimate of $1.71. Revenue for the quarter came in at $14.62 billion versus the consensus estimate of $15.03 billion. Looking ahead, Caterpillar sees FY13 EPS of $6.50, versus prior guidance of $7 and the consensus of $6.84. The Company also sees FY13 revenue of $56... More
July 24, 2013 7:31 AM EDT
(Updated - July 24, 2013 7:47 AM EDT)
Caterpillar, Inc. (NYSE: CAT) reported Q2 EPS of $1.45, $0.26 worse than the analyst estimate of $1.71. Revenue for the quarter came in at $14.62 billion versus the consensus estimate of $15.03 billion.
Numbers compare with EPS of $2.54 and revs of $16.68 billion in the same period last year.
We experienced headwinds during the quarter, and while we had a positive $135 million gain related to the Siwei... More
