Caterpillar posts lower adjusted quarterly profit as equipment demand slows
Caterpillar reported a fall in third-quarter adjusted profit on Wednesday as higher borrowing costs and sticky inflation led to a slowdown in machinery demand, forcing the company's dealers to moderate product restocking.
Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss
Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.
Caterpillar’s US revenues drop as demand slows
Construction-related sales fell 7% year over year for the heavy equipment maker, whose financial health is seen as a bellwether for the industry.
Caterpillar Shares Lower as Revenues Fall
Caterpillar reported a drop in sales Wednesday and lowered its revenue outlook but confirmed its profit forecast in results that dragged on shares. The company, a bellwether for U.S. manufacturing, reported profits fell 12% to $2.5 billion in the third quarter, on a 4% drop in revenues to $16.1 billion.
Caterpillar Stock Price Falls on Dreary Sales Forecast
Caterpillar tempered its annual sales outlook again, as eroding construction and mining activity weigh on demand for the machinery maker’s equipment. The company said 2024 sales would be slightly below earlier expectations.
Caterpillar’s stock drops as weak equipment sales lead to a rare profit miss
Caterpillar’s stock drops after a rare profit miss, while revenue was below expectations for a fourth straight quarter.
Caterpillar cuts annual sales forecast on slowing demand, shares fall
Caterpillar expects 2024 revenue to be below its forecast from August, when it had said that full-year revenue will be "slightly lower" than 2023, sending the company's shares down 3.7% before the bell on Wednesday.
Caterpillar shares drop following sales forecast cut and profit miss
CNBC's Seema Mody reports on Caterpillar's quarterly earnings results.
Caterpillar Investors Want to See Earnings Growth. They Might Not Get It.
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Caterpillar releases third quarter sales and revenue numbers
Caterpillar sales and revenue results are down four percent year to year in the third quarter. Despite the decrease year over ...
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Caterpillar misses estimates on weakening construction
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Caterpillar (NYSE:CAT) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
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Foley Equipment promises faster machine rebuilds at new Northland facility
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