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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)
  • MexCom
    , contributor
    Comments (3050) | Send Message
     
    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
  • june1234
    , contributor
    Comments (2512) | Send Message
     
    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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