Caterpillar Q3 Earnings & Revenues Miss Estimates on Low Volumes

Caterpillar Inc. (CAT) has reported third-quarter 2024 adjusted earnings per share of $5.17, which missed the Zacks Consensus Estimate of $5.33 by a margin of 3%. The bottom-line figure was 6% lower than the year-ago quarter. This marked an end to CAT's enviable stint of delivering improved earnings for 14 straight quarters. Improved results in the Energy & Transportation segment were offset by weaker volume performances at the Construction Industries and Resource Industries segments. The volume declines in ...