NYSE - Nasdaq Real Time Price USD

Caterpillar Inc. (CAT)

338.00

-25.52

(-7.02%)

At close: 4:00 PM EDT

338.00

0.00

(0.00%)

After hours: 4:30 PM EDT

Caterpillar issues sales warning, misses on Q1 revenue

Construction machinery manufacturer Caterpillar (CAT) saw a mixed bag of first-quarter earnings results, falling short of revenue estimates ($14.96 billion compared to an expected $15.13 billion) but topping adjusted earnings per share outlook ($5.60 compared to an expected $5.13). Caterpillar shares are in turn falling Thursday afternoon, though it has been on a run year-to-date in 2024. Yahoo Finance's Jared Blikre and Julie Hyman break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan and updated by Angel Smith.

Yahoo Finance Video 5 hours ago

CAT
-7.02%
Dow Jones Cuts Losses After Plunging 700 Points; Stock Market Up After Hours As Microsoft, Alphabet Surge

The Dow Jones Industrial Average trimmed what was a 700-point loss by nearly half by the close Thursday and is still trying to recover from an earnings-fueled drop courtesy of component Caterpillar. Alphabet announced a dividend on common shares and a big share buyback. Other indexes also got hit as Facebook and Instagram operator Meta Platforms led techs lower, as it plunged as much as 16% on the stock market today.

Investor's Business Daily 25 minutes ago

CAT
-7.02%
META

^DJI
US STOCKS-Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms. Data on Thursday showed that the U.S. economy grew at its slowest pace in nearly two years in the first quarter while inflation accelerated, dampening hopes that the Federal Reserve would begin cutting interest rates this year.

Reuters 30 minutes ago

COMP

^DJI

^GSPC
Caterpillar Stock Sags on Tepid Sales Outlook

Caterpillar shares are pulling back after soft first-quarter sales and a tepid forecast for sales growth in 2024. Caterpillar’s quarterly profit topped expectations, though, aided by $575 million from price increases that offset lower sales volumes. Caterpillar described inventories at dealers as a headwind for sales growth in 2024.

The Wall Street Journal 3 hours ago

CAT
-7.02%
US STOCKS-Wall St loses over 1% amid fading rate-cut hopes

U.S. stocks slumped on Thursday as most megacaps fell after Meta Platforms' quarterly results, while sentiment was shaken amid signs of persistent inflation that dampened hopes of the Federal Reserve easing monetary policy anytime soon. Meanwhile, U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Fed would not cut interest rates before September.

Reuters 4 hours ago

COMP

^GSPC

^DJI
Why Caterpillar Stock Is Down Today

The company sees little growth in 2024.

Motley Fool 4 hours ago

CAT
-7.02%
Compared to Estimates, Caterpillar (CAT) Q1 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Caterpillar (CAT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks 5 hours ago

CAT
-7.02%
Caterpillar Sees Annual Decline in Near-Term Sales Following Mixed First Quarter

Caterpillar Sees Annual Decline in Near-Term Sales Following Mixed First Quarter

PREMIUM
MT Newswires 6 hours ago

CAT
-7.02%
US STOCKS-Wall St drops as Meta Platforms, economic data weigh

U.S. stocks were sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon. Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue. Other growth stocks also came under pressure, with Alphabet , Amazon.com and Microsoft down between 4.3% and 4.5%.

Reuters 6 hours ago

COMP

^GSPC

^DJI
Caterpillar (CAT) Q1 Earnings Top Estimates on Higher Pricing

Caterpillar's (CAT) first-quarter 2024 earnings improve year over year, buoyed by the upbeat performance of the Energy & Transportation segment, offsetting weaker performance in other segments.

Zacks 6 hours ago

CAT
-7.02%
Caterpillar Shares Plunge After Warning of Slower Second-Quarter Sales

(Bloomberg) -- Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from a year earlier and warned that the trend is expected to continue in its second quarter.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a

Bloomberg 6 hours ago

CAT
-7.02%
US STOCKS-Wall St set to open lower as Meta Platforms, economic data weigh

U.S. stocks were poised to open sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon. Meta plunged 16% in premarket trading after the Facebook-parent forecast higher expenses and lighter-than-expected revenue.

Reuters 7 hours ago

^TNX

^GSPC

IBM
-8.25%
Zacks.com featured highlights include Hubbel, Caterpillar, The Timken Co. and HCA Healthcare

Hubbel, Caterpillar, The Timken Co. and HCA Healthcare are part of the Zacks Screen of the Week article.

Zacks 8 hours ago

CAT
-7.02%
TKR

HCA
Caterpillar Inc. (CAT) Q1 2024 Earnings: Surpasses EPS Estimates with Robust Profit Growth

Comprehensive Analysis of Caterpillar's Latest Financial Performance

GuruFocus.com 8 hours ago

CAT
-7.02%
Caterpillar Stock Falls After Earnings. Here’s Why.

Caterpillar reports adjusted first-quarter earnings of $5.60 a share. Wall Street expected profit of $5.14.

Barrons.com 8 hours ago

CAT
-7.02%
Caterpillar (CAT) Q1 Earnings Surpass Estimates

Caterpillar (CAT) delivered earnings and revenue surprises of 9.38% and 1.69%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks 8 hours ago

CAT
-7.02%
US STOCKS-Futures falter as Meta Platforms weighs on megacaps

U.S. stock index futures slipped on Thursday as shares of most megacap growth stocks took a beating after dour quarterly results from Meta Platforms, ahead of more economic data in the week that could influence the Federal Reserve's monetary policy. Meta plunged 14.1% in premarket trading after the Facebook-parent forecast higher expenses and lighter-than-expected revenue.

Reuters 8 hours ago

META

^GSPC

IBM
-8.25%
Caterpillar Crushes Earnings Views, But Light Sales Dent Dow Jones Heavyweight

Caterpillar earnings muscled past estimates, but sales dipped from a year ago. Profit margins expanded but the Dow Jones stock slipped.

Investor's Business Daily 9 hours ago

CAT
-7.02%
URI
UPDATE 1-Caterpillar profit rises as higher prices offset easing demand

Caterpillar posted a rise in quarterly profit on Thursday as it held on to higher prices for its construction equipment as demand eased from last year's boom. Caterpillar has benefited from President Joe Biden's $1 trillion 2021 infrastructure law to upgrade roads, bridges and other transportation infrastructure. Although the boom from last year has eased it has remained relatively stable, helping Caterpillar hold on to the price increases it launched in the second half of 2023.

Reuters 9 hours ago

CAT
-7.02%
Caterpillar shares slump on sales warning as machinery demand cools

(Reuters) -Caterpillar on Thursday warned of a sales drop in the current quarter as volumes take a hit from dealers tightening equipment inventories, sparking worries that a months-long boom in machinery demand may be coming to an end. Caterpillar reported weak construction equipment sales in all regions except North America, where construction demand is expected to stay healthy for the rest of the year thanks to the U.S. government's $1 trillion infrastructure law. "We've been pretty disciplined about making sure that we have cut production like, for example, in excavators ... where we do see softness in the market," Caterpillar CFO Andrew Bonfield said.

Reuters 9 hours ago

CAT
-7.02%

Performance Overview

Return	CAT	S&P 500
YTD	+15.26%	+5.84%
1-Year	+54.08%	+22.03%
3-Year	+56.38%	+20.77%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Caterpillar Inc. (CAT)

Caterpillar issues sales warning, misses on Q1 revenue

Dow Jones Cuts Losses After Plunging 700 Points; Stock Market Up After Hours As Microsoft, Alphabet Surge

US STOCKS-Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

Caterpillar Stock Sags on Tepid Sales Outlook

US STOCKS-Wall St loses over 1% amid fading rate-cut hopes

Why Caterpillar Stock Is Down Today

Compared to Estimates, Caterpillar (CAT) Q1 Earnings: A Look at Key Metrics

Caterpillar Sees Annual Decline in Near-Term Sales Following Mixed First Quarter

US STOCKS-Wall St drops as Meta Platforms, economic data weigh

Caterpillar (CAT) Q1 Earnings Top Estimates on Higher Pricing

Caterpillar Shares Plunge After Warning of Slower Second-Quarter Sales

US STOCKS-Wall St set to open lower as Meta Platforms, economic data weigh

Zacks.com featured highlights include Hubbel, Caterpillar, The Timken Co. and HCA Healthcare

Caterpillar Inc. (CAT) Q1 2024 Earnings: Surpasses EPS Estimates with Robust Profit Growth

Caterpillar Stock Falls After Earnings. Here’s Why.

Caterpillar (CAT) Q1 Earnings Surpass Estimates

US STOCKS-Futures falter as Meta Platforms weighs on megacaps

Caterpillar Crushes Earnings Views, But Light Sales Dent Dow Jones Heavyweight

UPDATE 1-Caterpillar profit rises as higher prices offset easing demand

Caterpillar shares slump on sales warning as machinery demand cools

Performance Overview