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More on Caterpillar (CAT) Q4 earnings: Backing out an $0.87 goodwill writedown, the company...

More on Caterpillar (CAT) Q4 earnings: Backing out an $0.87 goodwill writedown, the company earned $1.91, beating by $0.19. Q4 revenue of $16.075B, -6.8% Y/Y. "We expect the first half of 2013 will be weaker than the first half of 2012 ... 2013 could be a tough year." 2013 EPS guidance of $7-$9 on revenue of $60B-$68B. That's wide enough to drive a CAT through, but probably better than consensus. Shares +0.4% premarket. (PR)
Comments (2)
  • Inventory liquidation is the "bad" news. Selling out old equipment to figure out how much to raise prices for 2013? Demand more brisk than anticipated? More to come after I read the conference call transcript.
    28 Jan 2013, 10:04 AM Reply Like
  • What has that got to do with anything . "We expect the first half of 2013 will be weaker than the first half of 2012 ... 2013 could be a tough year." and they could not find 1/2 their profits from last quarter Stock is up and well above its 200 day moving average
    28 Jan 2013, 10:56 AM Reply Like
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