logo
  

Caterpillar Inc. (CAT) Has Dropped To A New Low On Full Year Forecast

Caterpillar Inc. (CAT) reported third quarter adjusted EPS of $2.86 Tuesday morning, compared to $1.95 in the previous year. Analysts expected EPS of $2.85. The company expects to report full year EPS of $11 to $12. Street expectations are for EPS of $11.66.

Caterpillar gapped open sharply lower this morning and is now down 10.42 at $118.29 on above average volume. The stock has tumbled to a new low for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Looking to Invest in the Best Biotech Stocks? Subscribe to RTT Biotech Investor.

Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

View More Videos
Follow RTT