Caterpillar Q3 Earnings: Revenue Falls Short Of Expectations, CEO Anticipates Muted China Demand
Portfolio Pulse from Akanksha Bakshi
Caterpillar Inc. (NYSE:CAT) reported Q3 earnings that fell short of expectations, with a 4% decline in revenue and lower-than-expected earnings per share. The company anticipates muted demand in China and slightly lower sales in Q4 compared to the previous year.
October 30, 2024 | 1:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Caterpillar's Q3 earnings report showed a 4% decline in revenue and lower-than-expected earnings per share, leading to a 2.94% drop in premarket trading. The company anticipates muted demand in China and slightly lower sales in Q4.
Caterpillar's Q3 earnings missed expectations with a 4% decline in revenue and lower EPS. The company's outlook for Q4 is also cautious, with expectations of slightly lower sales and muted demand in China. This has led to a negative market reaction, with shares down 2.94% premarket.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100