Investing.com - Caterpillar (NYSE:CAT) reported fourth quarter earnings that missed analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $2.55 on revenue of $14.34B. Analysts polled by Investing.com expected EPS of $2.98 on revenue of $14.3B. That compared to EPS of $2.16 on revenue of $12.90B in the same period a year earlier. The company had reported EPS of $2.86 on revenue of $13.51B in the previous quarter.
Caterpillar shares lost 3.55% to trade at $132.00 in pre-market trade following the report.
Caterpillar shares lost 3.55% to trade at $132.00 in pre-market trade following the report.
For the year, Caterpillar shares are up 7.7%, broadly in line with the S&P 500 which is up 7.99% year to date.
Caterpillar follows other major Capital Goods sector earnings this month
On Wednesday, United Technologies reported fourth quarter EPS of $1.95 on revenue of $18.04B, compared to forecasts of EPS of $1.55 on revenue of $16.82B.
ASML ADR earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $2.13 on revenue of $3.58B. Investing.com analysts expected EPS of $2.05 on revenue of $3.42B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar