New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 28, 2013
07:46 EDTCATCaterpillar sees Q1 sales, revenues significantly lower than year ago
The company says "While we are not providing a specific sales and revenues and profit outlook for 1Q13, we are expecting that sales and revenues in Q1 are likely to be significantly lower than 1Q12. The middle of our full-year outlook for sales and revenues is about $2B below 2012 sales and revenues. We expect that sales and revenues will decline more than $2B in the 1Q13 compared with 1Q12. Much of the expected decline in Q1 sales is a result of the continuation of reduced production as dealers are expected to continue to lower their new machine inventories. We expect that dealer inventory reductions will be negative to sales in 1Q13, while in 1Q12 dealers increased inventory which benefitted Caterpillar sales." Profit is also expected to be significantly lower in 1Q13 than in 1Q12a result of lower expected sales and the negative cost impact of continuing low production levels and declining inventory.
News For CAT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 19, 2014
06:36 EDTCATObama administration to ease many parts of Cuba embargo, NY Times says
Subscribe for More Information
December 18, 2014
11:31 EDTCATCaterpillar sales trends suggest 'muted' 2015 outlook, says Wells Fargo
Wells Fargo says Caterpillar's November retail sales trends were weak with growth trends decelerating from October in all segments. Wells believes weakening demand trends suggest Caterpillar may provide "a muted" outlook for 2015, and the firm stays below consensus with its 2015 expectations. Wells has a Market Perform rating on Caterpillar.
09:47 EDTCATCaterpillar reports retail machines sales down 10% in three months end November
Subscribe for More Information
December 16, 2014
09:59 EDTCATOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:53 EDTCATCaterpillar downgraded to Underperform from Neutral at Macquarie
Subscribe for More Information
08:24 EDTCATCaterpillar downgraded to Underperform from Neutral at Macquarie

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use