About Caterpillar's "Tremendous Earnings Growth", There Is Just One Thing... [zero hedge]
Churchill Capital Corp V Class A (CCV)
US:NYSE Investor Relations:
cmcsa.com/investors
Company Research
Source: zero hedge
About Caterpillar's "Tremendous Earnings Growth", There Is Just One Thing...With CAT and MCD accounting for over 100 of the 250+ Dow points today, one would think that, as CNBC has repeatedly stated today, these two companies are posting "tremendous earnings growth."And, in a way they are... a non-GAAP way. Because while CAT reported adjusted EPS of $1.28, up exactly 100% from a year ago - almost as if it was goalseeked - something far less appetizing emerges when looking at CAT's actual, GAAP EPS, which happen to beexactly one quarter of the non-GAAP number, or $0.32,a 30% drop from a year ago.And another quick look at these "one-time restructuring costs", which not only plague every single CAT earnings release, but were enough to eliminate more than 100% of the company's stated organic growth in the past year.Finally, for those who - like CAT management - claim that the company's adjustments are non-recurring and one-time, here is the chart that will show that when it comes to "one-
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