Caterpillar: beats consensus in Q4
(CercleFinance.com) - Caterpillar has published adjusted Q4 2017 EPS of 2.
16 dollars, up from 83 cents in the same period of 2016, while analysts were expecting about 40 cents less.
The construction equipment giant posted sales of 12.9 billion dollars, up 35%. After four difficult years, many key markets grew in 2017, said group CEO Jim Umpleby.
The Peoria (Illinois) group has therefore returned to positive EPS of 1.26 dollar in 2017, and says that it is targeting between 7.75 dollars and 8.75 dollars for the year ahead (8.25 dollars to 9.25 dollars excluding restructuring costs).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
16 dollars, up from 83 cents in the same period of 2016, while analysts were expecting about 40 cents less.
The construction equipment giant posted sales of 12.9 billion dollars, up 35%. After four difficult years, many key markets grew in 2017, said group CEO Jim Umpleby.
The Peoria (Illinois) group has therefore returned to positive EPS of 1.26 dollar in 2017, and says that it is targeting between 7.75 dollars and 8.75 dollars for the year ahead (8.25 dollars to 9.25 dollars excluding restructuring costs).
Copyright (c) 2018 CercleFinance.com. All rights reserved.