Investing.com - Caterpillar (NYSE:CAT) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Caterpillar announced earnings per share of $2.63 on revenue of $13.14B. Analysts polled by Investing.com anticipated EPS of $2.38 on revenue of $13.49B. That with comparison to EPS of $2.55 on revenue of $14.34B in the same period a year before.Caterpillar had reported EPS of $2.66 on revenue of $12.76B in the previous quarter.Analysts are expecting EPS of $2.54 and revenue of $12.43B in the upcoming quarter.
Caterpillar shares are down 8.34% from the beginning of the year and are trading at $135.37 , down-from-52-week-high.They are under-performing the Dow 30 which is up 0.77% year to date.
Caterpillar follows other major Capital Goods sector earnings this month
Caterpillar's report follows an earnings missed by Boeing on Wednesday, who reported EPS of $-2.33 on revenue of $17.91B, compared to forecasts EPS of $0.6 on revenue of $21.65B.
United Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.94 on revenue of $19.55B, compared to forecast for EPS of $1.84 on revenue of $19.4B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar