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
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You trade at your own risk. The author assumes no liability for your investment decisions. Read the full disclaimer.
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