Bellwether stock #2: Caterpillar (CAT) - Louis Navellier

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Bellwether stock #2: Caterpillar (CAT)
Aug 01, 2009 03:00 PM UTC

Louis Navellier

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Symbol	Sentiment	Start	Return	Closed
CAT		08/01/09	-31.96%	--

Via BloggingStocks:

Filed under: Earnings reports, Caterpillar (CAT), Stocks to Sell

bellwether stocks caterpillar Construction manufacturer and Dow component Caterpillar (NYSE: CAT) reported earnings of 72 cents per share, well ahead of expectations of a 22-cent per share profit.

Top-line revenue came in at $7.25 billion, which is a lot of money. Unfortunately, it was nearly a billion-and-a-half dollars below expectations of $8.86 billion.

How did Caterpillar manage to achieve its earnings beat on lower-than-anticipated revenue?

Continue reading Bellwether stock #2: Caterpillar (CAT)

Bellwether stock #2: Caterpillar (CAT) originally appeared on BloggingStocks on Sat, 01 Aug 2009 10:00:00 EST. Please see our terms for use of feeds.

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