Caterpillar reported disappointing quarter results before markets opened this morning but also gave lower 2019 guidance. That sunk the stock.
Originally Analysts had expected $12.73 a share for fiscal 2019. The company now believes they will report between $11.75 to $12.75 a share.
Earnings for the quarter came in at $2.55 per share versus $2.99 per share expected by analysts. Revenue came in as expected at $14.34 billion. Revenue was 11 percent higher from last year’s $12.9 billion for the same quarter. So despite warnings about Asia and China, the company is continuing to expand.
Here are the trades I have started this morning within the stock.
. This Caterpillar Stock (CAT) article is for FullyInformed Members.
Caterpillar Stock (CAT) – Trade Alert In The Earnings Plunge – Jan 28 2019
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