Global Market Scan: Falling profits of key heavy machinery players

However, major heavy machinery manufacturers Caterpillar and Komatsu expect declining profits compared to 2023.

Despite a solid outlook for the sector, major manufacturers of heavy construction equipment Caterpillar and Komatsu are experiencing challenges. With a strong dealer network and financial services division, Caterpillar has a varied product portfolio and a significant international presence. However, the company is facing increasing operating costs and decreasing profitability.

Caterpillar anticipates relatively lower revenues in the third quarter of 2024. However, profitability in the third quarter is forecast to remain intact year over year.predicts Caterpillar’s revenue to be $16.8 billion in the next quarter. 15 Yahoo analysts forecast the company’s annual revenue to grow from 2024 to 2025, with the current year’s revenue to be around $65.3 billion, moving to $67.2 billion for the following year.

In response to the earnings announcement released during the last week of June, financial analysts at Komatsu are projecting 2025 revenues of $26.5 billion USD, roughly in line with the previous 12 months.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Global investors pour into money market funds amid market volatilityThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »

Stock market today: Dow slumps, Nasdaq whipsaws amid more soft labor market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: Dow, Nasdaq seesaw amid more soft jobs market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Labor market, Fed policy, tech rotation: Market trendsMarkets ended Wednesday's trading session mixed, as major indexes (^DJI, ^IXIC, ^GSPC) looked to recover from a tech-driven sell-off Tuesday. Yahoo Finance's...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Nvidia leads market slump, erasing $278B from its market capNvidia (NVDA), once a leader in chip stocks and tech rallies, has been hit by another sell-off on Tuesday, erasing $278 billion in market cap. Tuesday's sell...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »