Caterpillar issues sales warning, misses on Q1 revenue.

Sherrif Don

01 May 2024 • 250 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.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

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

#Caterpillar issues sales warning