Caterpillar Q3 2024 Adj. EPS $5.17 Misses $5.36 Estimate, Sales $16.106B Miss $16.284B Estimate
Portfolio Pulse from Benzinga Newsdesk
Caterpillar's Q3 2024 earnings and sales missed analyst estimates, with EPS at $5.17 versus the expected $5.36 and sales at $16.106 billion versus the expected $16.284 billion. This represents a 4.19% decrease in sales compared to the same period last year.
October 30, 2024 | 10:31 am
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Caterpillar's Q3 2024 earnings and sales missed analyst expectations, with EPS at $5.17 and sales at $16.106 billion, both below estimates. Sales also declined by 4.19% year-over-year.
Caterpillar's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The miss in both EPS and sales, along with a year-over-year sales decline, suggests potential investor disappointment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100