119.60 +0.62 (0.52%)
After hours: 7:53PM EDT
|Bid||0.00 x 900|
|Ask||119.68 x 1200|
|Day's Range||115.62 - 122.50|
|52 Week Range||115.62 - 173.24|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||22.99|
|Earnings Date||Oct 23, 2018 - Oct 24, 2018|
|Forward Dividend & Yield||3.44 (2.62%)|
|1y Target Est||167.86|
US stocks began to recover from sharp intraday declines, but still posted losses at the end of regular trading Tuesday.
Benchmark indexes fared worst in Japan and China, with gauges in Australia, Hong Kong and South Korea also declining. U.S. equity futures were lower after a rally late in the day Tuesday that dragged the S&P 500 up from declines of more than 2 percent.
Caterpillar Inc. and 3M Co. provided a gut check for U.S. manufacturers, revealing in their third-quarter reports mounting risks that spooked investors. Industrial shares sold off on Tuesday after manufacturers flagged challenges including rising costs, a stronger dollar and concerns over growth in China. Shares in Caterpillar closed down 7.6% on Tuesday, having been 10% lower at one point, and 3M lost 4.4%.
Caterpillar Inc. shares are getting crushed by the weight of lofty expectations. Caterpillar didn’t raise its adjusted profit guidance for 2018, for one thing. The midpoint of the company’s guidance was $11.50 a share on Tuesday morning, below the consensus analyst forecast of $11.64.
Investing.com - The Dow closed lower, but clawed back most of its big intraday losses as bargain-seeking investors swooped in on a handful of beaten-down companies offsetting weakness in industrials.
The company plunged more than 10 percent after disappointing analysts who expected a boost in its 2018 outlook. The world’s largest maker of mining and construction equipment maker reported sales growth of 18 percent in the third quarter, the weakest since the three months ended June 2017. “For a company with a $50 billion top line, you can’t grow that fast forever, otherwise you would be one of the largest growth stocks rather than a cyclical industrial,” CFO Andrew Bonfield said in an interview.
The Dow Jones Industrial Average falls Tuesday after earnings disappoint. The S&P 500 falls for the 12th time in 14 sessions.
Caterpillar Inc (CAT.N) tried on Tuesday to ease mounting concerns about China and global demand after it affirmed its 2018 profit estimate, a move that investors feared signalled a cap in earnings growth and sparked a sell-off in its shares. The Deerfield, Illinois-based company has boosted the full-year profit outlook twice in the first two quarters of this year. The move came days after China reported the weakest economic growth since the global financial crisis, and the International Monetary Fund cut the global growth outlook for 2018 and 2019.
earnings beat was not strong enough to shift sentiment on what many have called the "Sicklical" industrial sector. Shares of the Illinois-based was dragged down on Tuesday as the industrial sector is battered by souring investor sentiment. Shares of the world's largest maker of construction and mining equipment, a giant in the industrial sector, fell 7.5% to $118.98 on the day.
After witnessing sharp losses in morning trading, U.S. stocks rallied into the afternoon hours to finish nearly 2% higher than session lows. Here's why.
Before market open on Oct. 23, Caterpillar Inc. (CAT) posted its third-quarter earnings. In fact, shares of Caterpillar fell sharply on the news. Let's take a look at why that happened, and what we can expect from Caterpillar in the future.