Investing.com: Caterpillar (NYSE) report indicated:CAT) for profit The fourth quarter exceeded analyst expectations. The report was released on Monday, and the company recorded revenues that exceeded expectations.
Earnings per share reached $5.23, while revenue was $17.1B. Market opinion polls from Investing.com indicated an expected earnings per share of $4.76 and company profits of $17.03B. Also, in terms of the last quarter,
$CAT (+4.75% pre) Caterpillar Inc. makes new all time highs this morning
as construction booms across the country
Adj EPS: $5.23 vs $4.73 est.
Rev: $17.1B vs $17.2B est.
Congrats to all the longs! 👏 pic.twitter.com/jwzF5Jqek2— Stocktwits (@Stocktwits) February 5, 2024
During the year, Caterpillar shares traded higher by 6%, outperforming the S&P Global 100, which was higher by 4.28% during the current year.
Caterpillar stock follows other industrial materials sector gains this month.
On the 25th, Union Pacific Corp. reported a fourth-quarter EPS of $2.71 on revenue of $6.16B, compared to expectations for earnings per share of $2.56 on revenue of $6.03B.
Rtx Corp's profits exceeded analysts' expectations on the 23rd, during the fourth quarter, with quarterly earnings per share of $1.29 and revenues of about $19.9B. Investing.com analysts also expected profits of $1.25 and revenues of $19.72 billion.
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