Caterpillar reported Q4 FY 2016 earnings of $0.83 per share (versus $0.74 in Q4 FY 2015), beating analysts’ consensus estimate of $0.67.
The company’s quarterly revenues amounted to $9.574 bln (-13.2% y/y), missing analysts’ consensus estimate of $9.812 bln.
The company also said it slightly lowered its guidance for FY 2017. It now projects EPS of $2.90 (versus analysts’ consensus estimate of $3.07) and revenues in a range of $36-39 bln (versus analysts’ consensus estimate of $38.3 bln).
CAT fell to $97.19 (-0.98%) in pre-market trading.
The post Company News: Caterpillar (CAT) posts mixed Q4 financials appeared first on forex-analytics.press.