Caterpillar: guides to lower end of 2019 guidance

(CercleFinance.com) - Caterpillar is guiding investors to expect a full-year profit in the lower part of the outlook range that it previously gave.


The world's largest maker of construction equipment said on Wednesday that second-quarter EPS was 2.83 dollars, compared with 2.82 dollars per share in the second quarter of 2018.

Sales rose by 3% to 14.4 billion dollars.

The sales of its construction industries unit reached a record 6.5 billion dollars in the quarter, a 5% increase from the second quarter of 2018.

While the company maintained its full-year EPS outlook range at 12.06 dollars to 13.06 dollars, Cat currently expects to be "at the lower end" of the range, it said.

The shares were down 5.4% in early morning trading.

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