Investing.com - Caterpillar (NYSE:CAT) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.94 on revenue of $13.47B. Analysts polled by Investing.com expected EPS of $2.83 on revenue of $13.27B. That compared to EPS of $2.82 on revenue of $12.86B in the same period a year earlier. The company had reported EPS of $2.55 on revenue of $14.34B in the previous quarter.
Caterpillar shares gained 1.34% to trade at $143.94 in pre-market trade following the report.
Caterpillar shares gained 1.34% to trade at $143.94 in pre-market trade following the report.
For the year, Caterpillar shares are up 11.77%, under-performing the Dow 30 which is up 15.6% year to date.
Caterpillar follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported first quarter EPS of $3.16 on revenue of $22.92B, compared to forecasts of EPS of $3.23 on revenue of $23.05B.
Honeywell earnings beat analyst's expectations on Thursday, April 18, 2019, with first quarter EPS of $1.92 on revenue of $8.88B. Investing.com analysts expected EPS of $1.83 on revenue of $8.63B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar