Investing.com - Caterpillar (NYSE:CAT) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.88 on revenue of $13.5B. Analysts polled by Investing.com expected EPS of $2.83 on revenue of $13.24B. That compared to EPS of $1.95 on revenue of $11.41B in the same period a year earlier. The company had reported EPS of $2.97 on revenue of $14.01B in the previous quarter.
Caterpillar shares lost 3.65% to trade at $124.01 in pre-market trade following the report.
For the year, Caterpillar shares are down 18.69%, under-performing the S&P Global 100 which is down 0.25% year to date.
Caterpillar follows other major Capital Goods sector earnings this month
On Tuesday, 3M (NYSE:MMM) reported third quarter EPS of $2.58 on revenue of $8.15B, compared to forecasts of EPS of $2.72 on revenue of $8.45B.
Honeywell (NYSE:HON) earnings beat analyst's expectations on Friday, with third quarter EPS of $2.03 on revenue of $10.76B. Investing.com analysts expected EPS of $1.99 on revenue of $10.75B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar