Caterpillar Inc. (NYSE:CAT), the world's largest maker of
construction and mining equipment, is expected to report a drop in profit for a
fourth straight quarter due to low capital spending from mining companies and
inventory reduction by dealers.
Caterpillar, which announces third-quarter earnings at 7:30
a.m. EDT on Wednesday, before U.S. markets open, is likely to report net income
of $1.11 billion, or $1.76 a share, on revenue of $14.35 billion, based on the
average estimate of analysts surveyed by Thomson Reuters.
.jpg)
In the same period a year earlier, net income was $1.70
billion, or $2.54 a share, on $16.45 billion in revenue. Excluding one-time
items, Caterpillar is expected to report earnings of $1.68 a share. Read more
No comments:
Post a Comment