Caterpillar Earnings Beat, Raises Guidance $CAT Soars 5%


Caterpillar is known to project low, so raising forward guidance is a really good sign.

As of June 30, 2017, the allowance for credit losses totaled $338 million, or 1.25 percent of finance receivables, compared with $346 million, or 1.25 percent of finance receivables at June 30, 2016. The allowance for credit losses at year-end 2016 was $343 million, or 1.29 percent of finance receivables.

“Cat Financial’s solid business performance during the quarter was driven by continued strong portfolio health,” said Dave Walton, president of Cat Financial and vice president with responsibility for the Financial Products Division of Caterpillar Inc. “The global Cat Financial team remains committed to helping Caterpillar customers and Cat dealers succeed through financial services excellence.”