Caterpillar Lowers Full-Year Outlook
Caterpillar shares were slightly higher Tuesday after posting mixed quarterly results.
Caterpillar (CAT) - Get Report shares were slightly lower Tuesday after posting mixed quarterly results. Earnings of $0.85 a share for the third quarter beat analysts' estimates by ten cents, but revenue of $9.16 billion did not meet Wall Street's forecasts. Caterpillar also lowered its full-year outlook. It now expects sales to be about $39 billion, which is below its previous outlook range. Caterpillar also expects earnings to be $2.35, also lower than its prior forecast of $2.75.
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