Caterpillar reported third quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.66 on revenue of $12.76B. Analysts polled by expected EPS of $2.91 on revenue of $13.43B. That compared to EPS of $2.86 on revenue of $13.51B in the same period a year earlier. The company had reported EPS of $2.83 on revenue of $14.43B in the previous quarter.
Caterpillar follows other major Capital Goods sector earnings this month
On Tuesday, United Technologies reported third quarter EPS of $2.21 on revenue of $19.5B, compared to forecasts of EPS of $2.03 on revenue of $19.32B.
Honeywell earnings beat analysts' expectations on October 17, with third quarter EPS of $2.08 on revenue of $9.09B. analysts expected EPS of $2.01 on revenue of $9.12B
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