Key TakeawaysCaterpillar stock dropped Thursday as weak sales offset an earnings beat in the company's first-quarter results.The construction equipment and engine manufacturer saw sales decline slightly compared with the first quarter of 2023, which was mostly offset by higher prices.International sales suffered, with sales for some categories falling as much as 25% year-over-year in some regions. Caterpillar (CAT) shares fell sharply in intraday trading Thursday as lower-than-expected sales offset a strong ...

Caterpillar Inc. (CAT) reported first-quarter 2024 adjusted earnings per share of a record $5.60, which beat the Zacks Consensus Estimate of $5.12 by a margin of 9%. The bottom-line figure marked a 14% year-over-year improvement.Favorable price realization and manufacturing costs, largely reflecting lower freight and improved performance in the Energy & Transportation segment, mainly led to the improvement in CAT’s earnings for the quarter. Both the Construction Industries and Resource Industries segments e ...

Caterpillar (CAT) came out with quarterly earnings of $5.60 per share, beating the Zacks Consensus Estimate of $5.12 per share. This compares to earnings of $4.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.38%. A quarter ago, it was expected that this construction equipment company would post earnings of $4.76 per share when it actually produced earnings of $5.23, delivering a surprise of 9.87%.Over the last four quarte ...

Exhibit 99.1 Caterpillar Inc. 1Q 2024 Earnings Release FOR IMMEDIATE RELEASE Caterpillar Reports First-Quarter 2024 Results First Quarter ($ in billions except profit per 2024 2023 share) ● First-quarter 2024 profit per share of Sales and Revenues $15.8 $15.9 $5.75; adjusted profit per share of $5.60 ● Enterprise operating cash flow was $2.1 Profit Per Share $5.75 $3.74 billion in the first quarter of 2024 ● Deployed $5.1 billion of cash for share Adjusted Profit Per $5.60 $4.91 repurchases and dividends in ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Caterpillar (NYSE: CAT) stock price will be in the spotlight this week as the company publishes its financial results for the first quarter. These results will come at a time when the stock has retreated from the year-to-date high of $380 to $363. Still, it is one of the best-performing company in the Dow Jones as it jumped by over 358% from its lowest point in January 2020.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Caterpillar earnings aheadCopy ...

Dividend stocks can offer some solace during market turbulence. These stocks offer steady payouts during every economic cycle and are often more stable than unprofitable firms. Corporations can only give out dividends if they can reliably report profits. Those same businesses can only achieve impressive dividend growth rates if their net incomes continue to grow.Some dividend stocks offer high yields but don’t do much other than that. Stocks in this category may exhibit high yields but significantly underpe ...

Colin Mitchell, in driver's seat, a senior associate of testing and validation, lifts the bucket on ... [+] the 980 XE medium wheel loader on Wednesday, March 27, 2024, at the Caterpillar Proving Grounds in Washington, Illinois. (Vincent Alban/Chicago Tribune/Tribune News Service via Getty Images)TNSCaterpillar (NYSE: CAT) will report its Q1 2024 results on Thursday, April 25. We expect the company’s revenues to come in at $16.4 billion with earnings of $5.18 per share, both slightly above the consensus est ...

Here are two stocks with long track records of prioritizing returning capital to shareholders.Recent research from Hartford Funds suggests the seemingly mundane strategy of investing in dividend stocks could lead to substantial gains. Specifically, going back to 1960, approximately 85% of the S&P 500's impressive 51,000% surge is owed to reinvesting dividends and compounding.With that in mind, let's examine a couple of longtime dividend-paying stocks that might be worth buying even at or near 52-week highs. ...

Caterpillar Inc. (CAT) is likely to register an improvement in both the top and bottom lines when it reports first-quarter 2024 results on Apr 25, before the opening bell.Q1 EstimatesThe Zacks Consensus Estimate for CAT’s total sales is $16 billion, suggesting growth of 1% from the year-ago quarter.The consensus estimate for quarterly earnings per share for Caterpillar is currently $5.12, which indicates growth of 4.3% from the year-ago reported figure. The earnings estimates have moved up 0.4% in the past ...