Caterpillar issues sales warning, misses on Q1 revenue.

Sherrif Don

01 May 2024 • 256 Views

Construction machinery manufacturer Caterpillar (CAT) saw a mixed bag of first-quarter earnings results, falling short of revenue estimates ($14.96 billion compared to an expected $15.13 billion) but topping adjusted earnings per share outlook ($5.60 compared to an expected $5.13).

Caterpillar shares are in turn falling Thursday afternoon, though it has been on a run year-to-date in 2024.

Yahoo Finance's Jared Blikre and Julie Hyman break down the details.

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This post was written by Luke Carberry Mogan and updated by Angel Smith.

#Caterpillar issues sales warning