Caterpillar Stock News

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Caterpillars sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy

Caterpillar posted stronger-than-expected fourth quarter earnings Friday as an ongoing rebound in construction equipment sales and surging commodity prices powered the industrial giant''s top and bottom lines.

Caterpillar Inc. reported Friday big profit and revenue beats, as sales of all three of its major business segments rose above expectations, but the stock slipped 0.4% premarket as cost increases outpaced sales growth. Net income nearly tripled, to $2.12 billion, or $3.91 a share, from $780 million, or $1.42 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to $2.69 from $2.12, well above the FactSet consensus of $2.26. Revenue grew 22.8% to $13.80 billion, beating the FactSet consensus of $13.17 billion. Meanwhile cost of sales outpaced sales growth, rising 28.5% to $10.00 billion to top expectations of $9.21 billion. For sales of the company''s business segments, Construction Industries rose 27% to $5.74 billion, Energy & Transportation increased 19% to $5.73 billion and Resource Industries grew 27% to $2.76 billion. "Amid ongoing supply chain constraints, our team continues to execute our strategy for long-term profitable growth while striving to meet customer demand," said Chief Executive Jim Umpleby.

(Reuters) Caterpillar Inc beat quarterly revenue estimates on Friday, boosted by sustained demand for its heavy machinery and construction equipment as global economic activity recovers from pandemic lows.

Caterpillar press release (CAT): Q4 Non-GAAP EPS of $2.69 beats by $0.43.Revenue of $13.8B (+23.2% Y/Y) beats by $580M.Shares +1.33% .4Q Operating profit margin was 11.7% compared

Caterpillar Earnings, Revenue Beat in Q4

Caterpillar (NYSE:CAT) is scheduled to announce Q4 earnings results on Friday, January 28th, before market open.The consensus EPS Estimate is $2.26 (+6.6% Y/Y) and the consensus…

Before markets open on Friday, we shall hear quarterly results from two energy companies, an industrial giant and a lumber producer.

Caterpillar (NYSE:CAT) had declared $1.11/share quarterly dividend, in line with previous.Payable Feb. 18; for shareholders of record Jan. 20; ex-div Jan.

Caterpillar and Deere have started the new year strong in a tough market, Here are five industrial plays worth a look.

Caterpillar shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

NEW YORK , Jan. 5, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, BNTX, MPC, GM, and CAT. Full story available on Benzinga.com