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Replay: Jim Cramer on Boeing and Caterpillar Earnings

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It's hump day. And Jim Cramer is pumped.

He kicked off the day by writing about investing homework during his Real Money column on Wednesday morning. And, of course, he weighs in on Boeing (BA) - Get The Boeing Company Report and Caterpillar's (CAT) - Get Caterpillar Inc. Report earnings. 

Are You Picking Up the Phone?

Cramer is.

Cramer wrote about doing homework in his most recent Real Money column Wednesday.

He said that the most clear-cut example of investors needing to hop on an earnings call was Texas Instruments (TXN) - Get Texas Instruments Incorporated Report

Here's what Cramer wrote:

If you listened to the conference call, though, which so few do, you would know that[Texas Instruments] business is anything but strong.

The company started the session by saying that revenue were down 9% this quarter because of the "broad-based weakness" that's out there. Then management talked about how their core business of analog revenue -- think about some of the mostbasic uses of chips, such as sensors -- was down 6%.

How's Boeing Doing?

Well, it missed earnings expectations. 

Boeing reported a loss of $5.82 per share, compared to a profit of $3.33 per share over the same period last year, after booking a charge of nearly $5 billion linked to the grounding of its flagship 737 MAX aircraft, the company's most profitable plane.

Caterpillar's Earnings Whiff

Real Money Stock of the Day Caterpillar also released earnings before the bell Wednesday.

Caterpillar reported adjusted earnings of $2.83 per share, up just 1 penny from last year and well below the $3.11 analyst expectations.

"Sales and revenues increased this quarter, including a record performance from Construction Industries, which reflected our strong competitive position globally," said Jim Umpleby, CEO of Caterpillar. "Our strong operating cash flow in the quarter allowed us to repurchase shares and pay dividends of about $1.9 billion. This is in line with our intention to return substantially all free cash flow to shareholders."

Related. Jim Cramer: Texas Instruments' Stock Price Is Not a Good Economic Barometer

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