Real Money stock of the day Caterpillar reported earnings before the bell.
Caterpillar said earnings for the three months ending in September came in at $2.66 per share, missing analyst forecast of $2.90 per share. Group revenues were also disappointing, with the company pegging them at $12.8 billion, missing analysts' estimates of $13.5 billion.
Caterpillar said it will cut its full-year profit target to between $10.90 and $11.40 per share, compared to a prior range of $12.06 to $13.06 per share, adding the new range assumes "modestly lower sales" for 2019 when compared to last year.
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