Caterpillar's Earnings Report Disappoints

 |  Includes: CAT
by: TickerSense

Caterpillar reported EPS of $1.72 this mornings which was lower than the $1.75 estimate. Revenues were higher than expected at $14.23B vs a $13.24B estimate. The stock is currently down seven points or 6.3%.

80% of the time after an EPS miss CAT trades lower from the open to the close for an average loss of 1.01%.

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CAT misses EPS