Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines
The company serves a diverse range of industries, offering products designed for various applications such as construction, agriculture, mining, and energy production. With a strong emphasis on innovation and sustainability, Caterpillar develops advanced machinery and technology solutions aimed at increasing productivity and efficiency for its customers. Additionally, the company provides extensive support services, including parts and maintenance, ensuring that clients can rely on their equipment for optimal performance over time.
Shares of construction equipment company Caterpillar (NYSECAT)
fell 5.9% in the pre-market session after the company reported weak fourth-quarter results: Its revenue missed, and its EBITDA also fell short of Wall Street's estimates. Management said that "lower sales volume was primarily driven by lower sales of equipment to end users." Overall, this quarter could have been better.
Construction equipment company Caterpillar (NYSECAT) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 5% year on year to $16.22 billion. Its non-GAAP profit of $5.14 per share was 2.2% above analysts’ consensus estimates.
The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
Caterpillar Inc. (CAT) reported worse-than-expected Q4 2024 results with sales declining 5%. Adjusted earnings fell but still beat consensus. 2025 outlook predicts sales decline and potential restructuring costs. CAT stock down 5.33% premarket at $371.51.
