Caterpillar reported Q3 FY 2016 earnings of $0.85 per share (versus $0.75 in Q3 FY 2015), beating analysts’ consensus estimate of $0.76.
The company’s quarterly revenues amounted to $9.160 bln (-16.4% y/y), missing analysts’ consensus estimate of $9.885 bln.
The company lowered FY2016 guidance, forecasting EPS of $3.25, versus analysts’ consensus estimate of $3.53 and prior forecast of $3.55, and revenues of $39.0 bln, versus analysts’ consensus estimate of $40.13 bln and prior forecast of $40.0-40.5 bln.
CAT fell to $84.39 (-1.86%) in pre-market trading.
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