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Stock impact report

Caterpillar Earnings Dive Amid Coronavirus Shutdown; Dow Jones Stock Rises [Investor's Business Daily]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Related news Caterpillar ( CAT ), a bellwether for the global economy, reported first-quarter earnings and sales early Tuesday that missed dismal expectations. The Dow Jones Industrial Average component, which pulled 2020 earnings guidance in late March as coronavirus shutdowns spread, said some facilities have reopened, and 75% of primary production is operating. Caterpillar stock rose in early market action. Estimates: Analysts expected Caterpillar earnings to slump 43% to $1.69 per share, according to FactSet. Sales were expected to slide 19% to $10.92 billion. Results: Caterpillar earnings per share sank 46% to $1.60, excluding a gain related to pension accounting. Revenue fell 21% to $10.64 billion, a three-year low. Outlook: Caterpillar, which pulled guidance on March 26, didn't offer any new targets. Wall Street analysts expected Caterpillar earnings per share of $5.48 in 2020, down from $11.06 per share in 2019. Revenue is seen slipping further in Q2, with estimates just b Show less Read more
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