Caterpillar beats profit consensus







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(Boursier.com) — Caterpillar announced for its fourth fiscal quarter a profit higher than market expectations, but revenues a little short. The American construction machinery giant posted quarterly adjusted earnings per share of $5.23, compared to a consensus of $4.7. Revenues were $17.1 billion versus $17.2 billion consensus. Adjusted operating profit represented 3.2 billion, against 3.1 billion market consensus. A year earlier, adjusted earnings per share stood at $3.86. Consolidated revenues increased by almost 3% year-on-year. Revenues in the financial segment increased 15% to $833 million. For the year ended, revenues totaled $67.1 billion, for adjusted earnings per share of $21.21.


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