-
Published on Oct 25, 2016
Caterpillar
shares were slightly higher Tuesday after posting mixed quarterly
results. Earnings of $0.85 a share for the third quarter beat analysts'
estimates by ten cents, but revenue of $9.16 billion did not meet Wall
Street's forecasts. Caterpillar also lowered its full-year outlook. It
now expects sales to be about $39 billion, which is below its previous
outlook range. Caterpillar also expects earnings to be $2.35, also lower
than its prior forecast of $2.75.
No comments:
Post a Comment