Caterpillar Stock Falls After Company Smashed Earnings. What’s Behind the Move.

Machinery company Caterpillar smashed earnings expectations again. But orders backlog fell. Investors will have to decide whether strong performance now is enough to overcome their fears about the global economy down the road.

Sales rose because prices were higher and Caterpillar has been shipping more equipment to customers. End markets have been recovering from Covid-related lows and supply-chain issues that constrained production and led to lower dealer inventories. Caterpillar ended the third quarter with a backlog of about $28.1 billion, down from a second-quarter backlog of $30.7 billion. Backlog ended the first quarter at $30.4 billion, and ended the third quarter of 2022 at $30 billion.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

GameStop Corp. Cl A stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Tesla Inc. stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »