Iconic farming, forestry and construction equipment maker Deere reported earnings before the open Friday. DE saw net income in the fiscal fourth quarter of $2.37 billion, or $8.26 a share, up from $2.25 billion, or $7.44 a share, a year earlier and ahead of the consensus estimate of $7.41 a share. Revenue fell 1% from a year earlier to $15.4 billion in the fourth quarter, however it beat the consensus estimate of $13.66 billion. The company saw its stock fall … Continue reading “Ag Tech Giant Deere Lowered Guidance as Farming, Construction and Forestry all Hit by Slowing Demand”
Caterpillar Shares Soar to Record High as Earnings Crush Expectations
Irving, Texas-based Caterpillar, a Dow component and gauge for global economic health reported second quarter numbers that topped Wall Street expectations with a 75% rise in quarterly profit to $2.92 billion, or $5.67 a share, from $1.67 billion on Wednesday before the market open. Adjusted earnings of $5.55 a share beat the consensus estimate of $4.58 a share. Sales rose 22% to $17.32 billion, well over the consensus estimate $16.53 billion, for the quarter. Caterpillar saw a wide margin leap … Continue reading “Caterpillar Shares Soar to Record High as Earnings Crush Expectations”
Caterpillar Record Profit Boosted by U.S. infrastructure Spending But Flat Order Backlog Overhangs
Irving, Texas-based Caterpillar, a Dow component and gauge for global economic health reported first quarter numbers that topped Wall Street expectations with a 31% rise in first quarter profit on Thursday before the market open. $CAT reported a record $4.91adjusted earnings per share, beating Refinitiv analysts’ consensus of $3.78 per share. The company saw strong demand for its construction and mining equipment and engines for transportation and energy generation despite higher prices. The US administration’s infrastructure legislation encouraged spending in … Continue reading “Caterpillar Record Profit Boosted by U.S. infrastructure Spending But Flat Order Backlog Overhangs”
Demand for Caterpillar Construction and Energy Equipment Boost Sales 20%
Irving, Texas-based Caterpillar, a Dow component and gauge for global economic health reported mixed fourth-quarter numbers on Tuesday before the market open. $CAT missed on earnings but beat on revenue. The company saw strong demand for its construction and mining equipment and engines for transportation and energy generation despite higher prices. Sales came to $16.60 billion for the quarter, topping Wall Street expectations. CAT was trading $249.62 -11.88 (p 4.54%) Pre-Market Foreign-exchange headwinds however weighed on profit and its operating … Continue reading “Demand for Caterpillar Construction and Energy Equipment Boost Sales 20%”
Caterpillar Tempered Sales with Global Supply Chain and Inflation Uncertainty
Caterpillar, a Dow component and gauge for global economic health reported mixed second-quarter numbers on Tuesday before the market open. $CAT beat on earnings but missed on revenue. Price realization was the highest in more than two years despite recessionary impact for the cyclical construction and mining businesses. The stock had significantly outperformed the market in 2022 after the market sold off the stock with concerns about the supply chain and inflation heading into 2022. However, $CAT fell to $183.51 … Continue reading “Caterpillar Tempered Sales with Global Supply Chain and Inflation Uncertainty”
Caterpillar Earnings Beat but Global Supply Chain and inflation Uncertainty Remains
Caterpillar, a Dow component and gauge for global economic health reported better-than-expected fourth-quarter numbers on Friday. However, the market sold off the stock with concerns about the supply chain and inflation heading into 2022. $CAT shares fell to $201.16, down $11.01 or 5.19%. The industrial equipment manufacturer is right at the front line for global supplies. Caterpillar Inc. (NYSE: $CAT) Reported Earnings Before Open Friday $2.69 Beat $2. 27 EPS Forecast AND $13.8 Billion Missed $12.6 billion forecast in revenue … Continue reading “Caterpillar Earnings Beat but Global Supply Chain and inflation Uncertainty Remains”
Ag Tech Giant Deere Crushes Earnings Despite Supply Chain Pressures
Iconic farming, forestry and construction equipment maker Deere is now seen as a rare hybrid of industrials and tech or Ag Tech. $DE beat second quarter earnings before the open Friday. Supply cain issues are in focus. ARK Invest sees it as a tech company adding it to ARKQ.
Deere Earnings Beat as U.S. Farm Sector Stabilizes
Iconic farming, forestry and construction equipment maker Deere beat first quarter earnings before the open Friday. $DE maintained guidance despite global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.
Deere Warns on Trade Tensions and Difficult Agriculture Conditions
Iconic farming, forestry and construction equipment maker Deere beat third quarter earnings reported before the open Wedneday but $DE also cut guidance citing global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.
Caterpillar Earnings Miss as Dealers Decrease Inventories, Lower China Demand
Global industrial equipment manufacturer Caterpillar reported worse than expected third quarter 2019 EPS before the market open Wednesday and again warned that China demand was falling. $CAT fell 2.5% but reversed to close up 1.2% on the day. Caterpillar also lowered full-year earnings guidance.