Machinery giant Caterpillar is slated to report third-quarter earnings on Tuesday morning. Results will tell investors a lot about how the economy is shaping up heading into 2024.
Sales are up because prices are higher and Caterpillar is 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.“In a nutshell, during first quarter 2023 and second quarter 2023 , investor focus rested on potential margin upside from normalizing supply chains and price/cost tailwinds,” wrote Baird analyst Mig Dobre in an earnings preview report.
Management said on the second-quarter earnings conference call that dealer inventories increased by $600 million in the second quarter.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Caterpillar earnings: What to expect from the construction equipment makerInvestors seem to have prepped for a disappointing Q3 report, while Wall Street analysts are expecting something bullish
Source: MarketWatch - 🏆 3. / 97 Read more »
Fed Meeting, Jobs Report, Apple Earnings, and More to Watch This WeekThe Fed meeting ends on Wednesday and jobs numbers are due on Friday. Plus, third-quarter earnings from Apple, Caterpillar, AMD, Pfizer, Starbucks, PayPal,...
Source: MarketWatch - 🏆 3. / 97 Read more »
Fed Meeting, Jobs Report, Apple Earnings, and MoreThe Fed meeting ends on Wednesday and jobs numbers are due on Friday. Plus, third-quarter earnings from Apple, Caterpillar, AMD, Pfizer, Starbucks, PayPal,...
Source: MarketWatch - 🏆 3. / 97 Read more »
SoFi Will Post Earnings Monday. What to Expect.The fintech reports its earnings before the start of trading. The stock has had a fantastic year.
Source: MarketWatch - 🏆 3. / 97 Read more »
Earnings Show Growth in Public Cloud MarketSteve McDowell is principal analyst and founding partner at NAND Research. Steve is a technologist with over 25 years of deep industry experience in a variety of strategy, engineering, and strategic marketing roles, all with the unifying theme of delivering innovative technologies into the enterprise infrastructure market.
Source: ForbesTech - 🏆 318. / 59 Read more »
Dow futures lift, earnings, Fed decision in focusDow futures lift, earnings, Fed decision in focus
Source: Investingcom - 🏆 450. / 53 Read more »