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30.10.2024

Company news: Caterpillar’s (CAT) quarterly results miss analysts’ estimates

Caterpillar (CAT) reported Q3 FY2024 earnings of $5.17 per share (versus $5.52 per share in Q3 FY2023), missing analysts’ consensus estimate of $5.35 per share.

The company’s quarterly revenues amounted to $16.106 bln (-4.2% y/y), missing analysts’ consensus estimate of $16.366 bln.

CAT fell to $375.50 (-3.10%) in pre-market trading.

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