Goldman Sachs upgraded its rating for Caterpillar Inc. from “sell” to “neutral,” citing a weakening U.S. dollar and improvement in the commodity supply-demand balance.
Caterpillar Inc., based in Peoria, Ill., is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
Caterpillar Inc. said it will combine two divisions dealing with power and energy, a plan the company will fully execute by June.
Caterpillar Inc. today said it had fourth-quarter sales and revenue of $11 billion, down from $14.2 billion in the 2014 quarter.
Caterpillar lowered its full-year outlook in its third-quarter earnings report today and said 2016 expectations for sales and revenue are expected to drop another 5 percent for a fourth consecutive year of decline.
Caterpillar Inc. today announced a second-quarter profit of $710 million, or $1.16 a diluted share, a decrease from $999 million, or $1.57 a share, in the same quarter last year.
Caterpillar Inc. today reported a first-quarter profit of $1.1 billion, or $1.81 a share, up from $922 million, or $1.44 a share, in the same quarter last year.
Caterpillar Inc. today announced fourth-quarter 2014 sales and revenue of $14.2 billion, down slightly from $14.4 billion in the fourth quarter of 2013.
Caterpillar Inc. will release its full-year and fourth-quarter 2014 financial results at 7:30 a.m. (EST) on Jan. 27.
Caterpillar was among the worst-performing stocks Monday on the benchmark Dow Jones Industrial Average, falling 5 percent after JPMorgan analysts downgraded the equipment maker, citing the effects of falling oil prices.
Caterpillar Inc. today reported higher third-quarter revenue and profits and provided an optimistic outlook for full-year results.