div > div.group > p:first-child"> Here's how they did compared to what Wall Street expected:
Shares of Caterpillar initially rose about 1% in pre-market trading, but were last seen trading about 2% lower. The industrial giant also raised its 2019 profit outlook. Caterpillar said its first quarter tax benefit of $178 million stems from U.S. tax reform. The company previously expected $11.75 a share to $12.75 a share.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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
davidjknight76 well done CaterpillarInc for a good earnings and revenue
So why is this stock down?
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Caterpillar is set to report earnings before the bell — here's what the Street expectsCaterpillar is reporting first-quarter earnings before the bell on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »
Here's what to expect when P&G reports earnings before the market opensP&G is coming off a strong fiscal second quarter in which its bet on raising prices paid off, helping to drive sales past investors' expectations. Analysts this quarter are expecting modest sales growth of half a percent.
Source: CNBC - 🏆 12. / 72 Read more »
Dow futures stage cautious rise ahead of Boeing, Caterpillar earningsStocks on Wednesday are set to trade flat to slightly higher, a day after the S&P 500 and Nasdaq carved out their first records in months, underscoring a rebound for stocks since an ugly decline in the last three months of 2018.
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia Pacific shares poised to open mixed amid stronger-than-expected US earningsAmid the ongoing earnings season, 84.6 percent of the S&P 500 companies that have reported calendar first-quarter earnings have topped analyst expectations, according to FactSet.
Source: CNBC - 🏆 12. / 72 Read more »
Boeing earnings expected before the bell as market looks for 737 Max newsBoeing's first-quarter earnings report is expected before the market opens on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »
Here's what the Street expects from Twitter's first-quarter earningsTwitter is set to release its first quarter 2019 earnings on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »
Canon shares fall on report that company plans to cut earnings guidance
Source: CNBC - 🏆 12. / 72 Read more »
Snap could see a 15% move when it reports earnings, traders sayThe options market implies a post-earnings move of 15% in either direction for the social media giant's stock, and trader Dan Nathan sees more potential risk than reward. OptionsAction buy buy buy up to 20!! j/k this is a dog!!!! OptionsAction This POS is selling off to $7.
Source: CNBC - 🏆 12. / 72 Read more »
Snap to report first-quarter earnings after the bellSnap investors will be looking for signs that last quarter's user growth was no fluke.
Source: CNBC - 🏆 12. / 72 Read more »