Caterpillar (CAT) Peers on Watch Following Mixed Q4 Results
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BMO Capital Upgrades Caterpillar (CAT) to Outperform
January 29, 2013 9:21 AM ESTBMO Capital upgraded Caterpillar (NYSE: CAT) from Market Perform to Outperform with a price target of $130.00 (from $83.00) following Q4 results.
For an analyst ratings summary and ratings history on Caterpillar click here. For... More
Caterpillar (CAT) Sees Q4 Revs Slip as Global Growth Eases; Remains Cautious into FY13
January 28, 2013 7:52 AM ESTCaterpillar (NYSE: CAT) is ticking higher in early trading amid reporting mixed fourth-quarter 2012 results early.
Revenue for the industrial machinery giant fell 6.8 percent to $16.08 billion, while net income dropped 55 percent to $697 million, or $1.04 per share. Adjusting for a one-time item of $580 million, or 87 cents per share, EPS was more robust at $1.91.
Overall, the Street was looking for revs of $16.2 billion and EPS of $1.71.
Sales volume fell $1.655 billion with currency... More
