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.
August 27, 2015
13:46 EDTCATCaterpillar planst to lay off 475 more employees, Reuters reports
Subscribe for More Information
August 24, 2015
09:26 EDTCATCaterpillar set to open near 4-year lows
Subscribe for More Information
August 21, 2015
13:02 EDTCATChanos says heavy equipment companies 'have the wind in their face'
Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).
12:56 EDTCATChanos says still short shares of Caterpillar
Jim Chanos of Kynikos Associates said on CNBC .
August 17, 2015
07:40 EDTCATUBS to hold a tour
Midwest Construction & Farm Tour travels throughout Illinois and Iowa on August 17-18.

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