|Bid||0.00 x 1100|
|Ask||0.00 x 1200|
|Day's Range||136.56 - 140.30|
|52 Week Range||112.06 - 161.60|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||13.42|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||3.44 (2.54%)|
|1y Target Est||143.09|
Caterpillar reported adjusted quarterly profit of $2.94 per share, beating estimates by 9 cents a share, with the heavy equipment maker’s revenue also topping forecasts. Yahoo Finance's Seana Smith and Jared Blikre discuss.
Nasdaq hits record intraday high as the DJI, GSPC, and IXIC continue rally. Yahoo Finance's Julie Hyman, Adam Shapiro, Jared Blikre, Scott Gamm, and Matt Miskin, John Hancock Investments Market Strategist discuss.
The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. Energy stocks were the biggest drag on the S&P as oil prices fell. While the tech-heavy Nasdaq had help from eBay Inc's upbeat earnings and a chipmaker rally, investors were digesting a mixed bag of reports.
Caterpillar, a global economic bellwether, met modest first-quarter earnings views. Shares of the Dow Jones component rose slightly.
Macro Updates: Record Highs, US-China Talks, and More(Continued from Prior Part)US-China trade talksThe United States (SPY) and China (FXI) have held six rounds of trade talks after US President Donald Trump and Chinese President Xi Jinping agreed
Caterpillar earnings for the first quarter of 2019 have CAT stock down on Wednesday on concerns of falling sales.Source: Anthony via FlickrCaterpillar (NYSE:CAT) notes in its earnings report for the first quarter of the year that construction sales in Asia/Pacific were $1.56 billion. This is down 4% from construction sales in the same period of the year prior.The Caterpillar earnings report also reveals that construction sales were down in other parts of the world as well. This includes a 7% drop in construction sales in Latin America, as well as a 6% drop in EAME.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite all of the dropping sales, the Caterpillar earnings report still has it beating revenue estimates for the quarter. The company's revenue for the period comes in at $13.47 billion. Wall Street was looking for revenue of $13.46 billion for the quarter.Caterpillar's revenue beat for the first quarter of 2019 was partially due to increasing construction sales in North America. Construction sales in this region were up 13% during the quarter to $2.97 billion. * 10 Stocks to Sell Before They Give Back 2019 Gains The Caterpillar earnings report for the first quarter of the year also includes earnings per share of $2.94. This is better than the company's earnings per share of $2.82 from the same period of the year prior. It also beats out analysts' earnings per share estimate of $2.86 for the quarter, but was unable to keep CAT stock from falling today.CAT stock was down 2% as of noon Wednesday, but is up 12% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Caterpillar Earnings: CAT Stock Falls on Weakening Sales appeared first on InvestorPlace.
At the same time inventories grew, and Caterpillar flagged declining market share and “aggressive pricing” from competitors in China. Chief Financial Officer Andrew Bonfield said China’s demand for construction equipment will grow this year, though the company’s sales are expected to be flat. Caterpillar “will lose a little bit of market share for this year, there’s bits of aggressive pricing by some of our competitors who are pricing very strongly over there to try and get market share,” he said in a phone interview.
Investing.com - The S&P; 500 and Nasdaq fell Wednesday, a day after notching record highs, as falling energy stocks and mixed corporate earnings did little to fuel further gains.
The latest results come after the world's largest heavy duty equipment maker warned in the fourth quarter that construction activity in China could cool after two years of significant growth. Chief Financial Officer Andrew Bonfield, however, said on Wednesday that the industry saw stronger-than-expected activity in China ahead of the Chinese New Year, though full-year sales would remain flat for Caterpillar in the region. China accounts for up to 10 percent of the company's sales and is critical to its growth prospects as it is one of the world's largest commodities importers.
Heavy-duty equipment maker tops estimates largely due to one-time tax gain, but the mining business does show better growth. Caterpillar Inc. (NYSE: CAT) saw first quarter 2019 net income top analysts' estimates as resurgent demand for coal and iron ore drove up results in the company's mining segment. Adjusted earnings per share of $2.94, excluding a one-time tax benefit, were better than the $2.83 per share consensus estimate.
on Wednesday reported better-than-expected first-quarter earnings on strong sales of its machinery and equipment, a sign that Chinese tariffs and a general economic slowdown aren't having as negative an impact as perceived. The Deerfield, Illinois-based component of the Dow Jones Industrial Average said it earned $1.88 billion, or $2.94 an adjusted share, compared with $1.66 billion, or $2.82 an adjusted share, in the comparable year-earlier quarter. The results from Caterpillar, an economic bellwether, add to signs that industrial earnings are holding up in the face of the U.S.-China trade war and worries that some end users may be reaching the peaks in their growth cycles.
Increased demand for construction equipment in North America helped push Caterpillar's revenue 5% higher and the company beat forecasts. Sales of new construction equipment in North America jumped 13% ...
The stock market reversed modestly higher Wednesday morning, as the Nasdaq composite reached a record high. The Nasdaq erased a small loss to climb past the prior high of 8133.30.
Caterpillar (CAT) beat both earnings and revenue estimates in Q1 and raised 2019 guidance on the back of discrete tax benefit.
U.S. stocks pulled back slightly on Wednesday after a record-setting rally in the prior session, as investors digested a batch of mixed earnings reports. Anadarko Petroleum Corp shares jumped 11.7%, providing the biggest boost to the S&P 500, after Occidental Petroleum Corp sought to scuttle Chevron Corp's takeover of the company with a $57 billion bid.
Strong company guidance and a number of big earnings beats helped push the S&P 500 Index to an all-time high close yesterday, but today might see a slight headwind from Boeing Co (NYSE: BA) after the aircraft maker’s earnings came up short. Boeing missed third-party estimates, pulled its earnings guidance, and stopped its share buyback program in the wake of the March crash of its 737 MAX, the second MAX crash in six months. The company said it’s committed to safety and getting the 737 MAX back into service, but the earnings report was about as weak as many had expected, if not more.