Caterpillar (CAT) Releases Earnings Results, Beats Expectations By $0.13 EPS

Caterpillar (CAT) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $1.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.96. The company posted revenue of $10342.00 million in the period, compared to analysts expectations of $10131.20 million. The company’s revenue was down -16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.

Caterpillar closed down -0.05 points or -0.06% at $79.69 with 41,85,481 shares getting traded on Wednesday. Post opening the session at $79.45, the shares hit an intraday low of $78.93 and an intraday high of $79.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 2, 2016, Bradley M Halverson (Group President & CFO) sold 574 shares at $72.58 per share price. According to the SEC, on May 9, 2016, Dennis A Muilenburg (director) purchased 1,128 shares at $71.01 per share price. On Apr 28, 2016, David L Calhoun (director) purchased 25,000 shares at $77.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Caterpillar Inc. is a manufacturer of construction and mining equipment diesel and natural gas engines industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries Construction Industries and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar CAT design versions of CAT and Caterpillar Electro-Motive FG Wilson MaK MWM Perkins Progress Rail SEM and Solar Turbines. It operates parts distribution centers at various locations including Morton Illinois; Arvin California; Denver Colorado; Miami Florida; Atlanta Georgia; St. Paul Minnesota and Dubai United Arab Emirates among others. Its subsidiaries include Caterpillar Life Insurance Company Cat Financial and Caterpillar Product Services Corporation (CPSC) among others.


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