Caterpillar Inc. (CAT) revealed earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's earnings came in at $1.45 billion, or $2.79 per share. This compares with $2.12 billion, or $3.91 per share, in last year's fourth quarter.
Excluding items, Caterpillar Inc. reported adjusted earnings of $2.01 billion or $3.86 per share for the period.
Analysts on average had expected the company to earn $4.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 42.0% to $19.60 billion from $13.80 billion last year.
Caterpillar Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $1.45 Bln. vs. $2.12 Bln. last year.
-EPS (Q4): $2.79 vs. $3.91 last year.
-Analyst Estimates: $4.02
-Revenue (Q4): $19.60 Bln vs. $13.80 Bln last year.
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