Caterpillar Inc. (CAT)
Pre-market:
| Previous close | 363.25 |
| Open | 363.95 |
| Bid | 348.50 x 800 |
| Ask | 349.50 x 900 |
| Day's range | 358.89 - 368.17 |
| 52-week range | 204.04 - 382.01 |
| Volume | |
| Avg. volume | 2,373,017 |
| Market cap | 181.534B |
| Beta (5Y monthly) | 1.16 |
| PE ratio (TTM) | 18.09 |
| EPS (TTM) | 20.10 |
| Earnings date | 25 Apr 2024 |
| Forward dividend & yield | 5.20 (1.43%) |
| Ex-dividend date | 19 Apr 2024 |
| 1y target est | 326.74 |
- Yahoo Finance Video
Alphabet, Microsoft, Southwest earnings: What to watch
Here are some of the biggest stories investors will be watching on Thursday, April 25, 2024. A slew of companies will report their quarterly results including Microsoft (MSFT), Alphabet (GOOG, GOOGL), and Southwest Airlines (LUV). On the economic data front, the highly anticipated preliminary read on first quarter GDP will be released. Economists are expecting that the US economy grew by 2.2% in the first three months of the year. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Reuters
UPDATE 1-Caterpillar profit rises as higher prices offset easing demand
Caterpillar posted a rise in quarterly profit on Thursday as it held on to higher prices for its construction equipment as demand eased from last year's boom. Caterpillar has benefited from President Joe Biden's $1 trillion 2021 infrastructure law to upgrade roads, bridges and other transportation infrastructure. Although the boom from last year has eased it has remained relatively stable, helping Caterpillar hold on to the price increases it launched in the second half of 2023.
ReutersCaterpillar sees lower second-quarter sales as machinery boom fades
Caterpillar had benefited from President Joe Biden's $1 trillion 2021 infrastructure law to upgrade roads, bridges and other transportation infrastructure that sent sales at the company surging early last year. However, the boom from last year has eased off, and the company also forecast roughly flat sales for the year. Still, the company posted a rise in quarterly profit due to higher prices, which helped it offset the impact from lingering supply chain constraints and higher steel prices.
