Categories AlphaGraphs, Earnings, Industrials
Caterpillar slashes costs in Q4; delivers on bottom-line
Caterpillar Inc (NYSE: CAT) reported fourth-quarter 2020 financial results before the regular market hours on Friday. The construction equipment company reported fourth-quarter revenue of $11.235 billion, down 15% year-over-year and slightly below the Wall Street projection of $11.25 billion.
Sales were lower across the three primary segments, with the largest decline in Energy & Transportation. This was mostly due to lower sales volume driven by lower end-user demand for equipment and services.
Meanwhile, net income of $2.12 per share was well above what analysts had anticipated, helped by cost optimization measures.
CAT shares rose 2.5% immediately following the announcement. The stock has rallied 35% in the trailing twelve months.
Prior performance
Most Popular
Tyson Foods (TSN) Q2 2024 Earnings: Key financials and quarterly highlights
Tyson Foods, Inc. (NYSE: TSN) reported second quarter 2024 earnings results today. Sales dipped slightly to $13.07 billion from $13.1 billion in the same period a year ago. Net income
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its