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.

Caterpillar Q4 2020 earnings calendar

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Caterpillar Q4 earnings call transcript

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

  • Caterpillar reports Q3 2020 earnings results
  • Caterpillar reports Q2 2020 earnings results
  • caterpillar Q4 2019 earnings infographic

Most Popular

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Viewing Highlight