Why Is Caterpillar Stock Shooting Higher Today?
Benzinga
Construction and mining equipment manufacturer Caterpillar Inc (NYSE:CAT) reported a fourth-quarter fiscal 2023 revenue increase of 3% year-over-year to $17.07 billion, missing the consensus of $17.11 billion.
CAT’s adjusted earnings of $5.23 per share, compared to $3.86 a year ago, topped the consensus of $4.75.
Favorable price realization, higher Financial Products’ segment revenues, and favorable currency impact primarily related to the euro, led to the sales increase, offset by lower sales ...
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