Investing.com - Caterpillar (NYSE:CAT) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Caterpillar announced earnings per share of $2.12 on revenue of $11.24B. Analysts polled by Investing.com anticipated EPS of $1.48 on revenue of $11.22B.
Caterpillar shares are up 1% from the beginning of the year and are trading at $184.34 , down-from-52-week-high.They are under-performing the S&P Global 100 which is up 2% from the start of the year.
Caterpillar follows other major Capital Goods sector earnings this month
Caterpillar's report follows an earnings beat by ASML ADR on Wednesday, January 20, 2021, who reported EPS of $3.91 on revenue of $5.15B, compared to forecasts EPS of $2.97 on revenue of $4.49B.
Boeing had missed expectations on Wednesday with fourth quarter EPS of $-15.25 on revenue of $15.3B, compared to forecast for EPS of $-1.6 on revenue of $15.03B.
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