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30.01.25 - 21:36
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Caterpillar Falls on Weak Revenue Forecast (Bloomberg)
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Caterpillar Inc. warns that revenues will be “slightly lower” in 2025 as demand concerns weigh on the outlook of the heavy equipment market. Oppenheimer Executive Director of Equity Research Kristen Own has more on “Bloomberg Markets.” (Source: Bloomberg)...
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30.01.25 - 16:30
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Caterpillar Shares Fall On Recalibration To "Slightly Lower" Revenue Outlook (ZeroHedge)
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Caterpillar Shares Fall On Recalibration To "Slightly Lower" Revenue Outlook
Caterpillar reported adjusted fourth-quarter earnings per share that exceeded the Bloomberg Consensus. However, the Texas-based company warned that 2025 revenue is forecasted to be "slightly lower" as demand concerns for heavy equipment weighed on shares in premarket trading. There are also destock headwinds and elevated inventories impacting dealers.
Here's a snapshot of the fourth quarter results (courtesy of Bloomberg):
Adjusted EPS $5.14 vs. $5.23 y/y, estimate $5.05 (Bloomberg Consensus)
EPS $5.78 vs. $5.28 y/y
Revenue $16.22 billion, -5% y/y, estimate $16.72 billion
Financial segment revenue $883 million, +6% y/y, estimate $858.3 million
Machinery, Energy & Transportation segment revenue $15.33 billion, -5.6% y/y, estimate $15.76 billion
Adjusted operating income $2.96 billion, estimate $3.15 billion
Machinery, Energy & Transportation segment operating income $2.94 billion, -5.4...
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