Recap: Caterpillar Q3 Earnings
Shares of Caterpillar (NYSE:CAT) fell 1.4% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share fell 49.62% year over year to $1.34, which beat the estimate of $1.12.
Revenue of $9,881,000,000 decreased by 22.55% year over year, which beat the estimate of $9,800,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Caterpillar hasn't issued any revenue guidance for the time being.
Price Action
Company's 52-week high was at $171.26
Company's 52-week low was at $87.50
Price action over last quarter: Up 23.46%
Company Profile
Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with approximately 16% of global market share in 2019. The company is divided into four reportable segments: construction industries, resource industries, energy & transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with over 2,000 branches maintained by 165 dealers. Caterpillar Financial Services provides financing to its customers and dealers, generating approximately 9% of operating profit.
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