Caterpillar is set to report earnings before the bell — here's what the Street expects

In January, the stock plunged after Caterpillar reported disappointing fourth-quarter earnings. The equipment manufacturer, considered a proxy for the global economy, said tariffs and a slowdown in sales in China impacted profit.

For the full year, however, the company posted record profit of $11.22 a share, up 63 percent from a year earlier. Full-year sales also rose by 20 percent. In February, UBS gave Caterpillar a rare double downgrade from"buy" to"sell," as analysts warned that an earnings decline in 2020 had not yet been priced into the stock.

The stock has since rebounded, however, and is up 12% so far in 2019. Over the past 12 months, it is down 7%.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Health-care stocks keep getting hammered — Wall Street says this is whyFour of the Dow Jones Industrial Average’s 10 biggest losers on Wednesday were health companies, including UnitedHealth Group Inc., Merck & Co. , Pfizer...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »