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25.04.2024

Company news: Caterpillar’s (CAT) quarterly revenues miss analysts’ expectations

Caterpillar (CAT) reported Q1 FY2024 earnings of $5.60 per share (versus $4.91 per share in Q1 FY2023), strongly beating analysts’ consensus estimate of $5.14 per share.

The company’s quarterly revenues amounted to $15.799 bln (-0.4% y/y), missing analysts’ consensus estimate of $15.998 bln.

CAT fell to $350.00 (-3.72%) in pre-market trading.

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