Caterpillar Inc. (NYSE: CAT) announced its first quarter 2020 earnings results today.

Total sales and revenues dropped 21% year-over-year to $10.6 billion, due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Profit per share was $1.98, compared with $3.25 in the year-ago quarter.
Caterpillar stated that its financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. The company withdrew its guidance on March 26 and will not provide an outlook for 2020 at this time.
Past Performance



Most Popular
Johnson & Johnson to report Q2 earnings on July 16. Here’s what to expect
Johnson & Johnson's (NYSE: JNJ) business strategy for fiscal 2025 is focused on reducing the impact of patent expirations on its revenue. Anticipating sales to benefit from growth initiatives, including
What to expect when United Airlines (UAL) reports its Q2 2025 earnings results
Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) stayed green on Tuesday. The stock has gained 44% over the past three months. The airline company is scheduled to report its
Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit
Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the