Caterpillar: raises target FY EPS range
(CercleFinance.com) - Unveiling a much better-than-expected quarterly performance on Tuesday, Caterpillar has raised its FY adjusted EPS target range, to between 10.
25 dollars and 11.25 dollars, from a previous target range of 8.25 dollars to 9.25 dollars.
The construction equipment giant's Q1 2018 published adjusted EPS that more than doubled (+120%) to 2.82 dollars, while analysts were expecting significantly less at about 2.10 dollars.
At 12.9 billion dollars, the Peoria-based group (Illinois) reported sales that were up 31%, mainly due to higher sales volumes stemming from higher demand from end users in most markets.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
25 dollars and 11.25 dollars, from a previous target range of 8.25 dollars to 9.25 dollars.
The construction equipment giant's Q1 2018 published adjusted EPS that more than doubled (+120%) to 2.82 dollars, while analysts were expecting significantly less at about 2.10 dollars.
At 12.9 billion dollars, the Peoria-based group (Illinois) reported sales that were up 31%, mainly due to higher sales volumes stemming from higher demand from end users in most markets.
Copyright (c) 2018 CercleFinance.com. All rights reserved.