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Caterpillar Earnings Beat, Revenue Misses In Q3 -Breaking

by Mike Robinson

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© Reuters. Caterpillar Revenue Beats, Caterpillar Earnings Beat in Q3

Investing.com Caterpillar (NYSE:) Thursday’s third quarter report showed that revenue fell below expectations and that analysts had forecasts for it exceedingly.

Caterpillar posted earnings per share (EPS) of $2.66 on $12.40B in revenue. Investing.com polled analyst to predict EPS at $2.2 on $12.56B revenue.

Caterpillar shares rose 7% over the first of the year. However, they are down 20.50% from their 52-week peak of $246.69 on June 4. The Dow Jones is currently up 15.96%, but Caterpillar shares are still below the Dow Jones.

Caterpillar’s earnings are in line with those of other Capital Goods sectors this month

Caterpillar reports on an earnings beat achieved by ASML ADR October 20. They reported EPS $4.97 on $6.1B revenue, while forecasts were for EPS $4.61 on $6.19B revenue.

Honeywell beat all expectations with a third-quarter EPS at $2.02, on $8.47B in revenue. This compares to $1.99 per cent forecasted for $8.66B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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