Caterpillar Q3 Adj. EPS $5.52 Beats $4.76 Estimate, Sales $16.81B Beat $16.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Caterpillar reported Q3 earnings of $5.52 per share, beating the analyst consensus estimate of $4.76 by 15.97%. This is a 39.75% increase over earnings of $3.95 per share from the same period last year. The company also reported quarterly sales of $16.81 billion, beating the analyst consensus estimate of $16.53 billion by 1.69%. This is a 12.11% increase over sales of $14.99 billion the same period last year.
October 31, 2023 | 10:33 am
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Caterpillar's Q3 earnings and sales exceeded analyst estimates, indicating strong financial performance.
Caterpillar's Q3 earnings and sales beat analyst estimates, which is a positive signal for the company's financial performance. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
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