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More on Caterpillar's (CAT) Q1: Sluggishness in the company's Resource Industries segment...

More on Caterpillar's (CAT) Q1: Sluggishness in the company's Resource Industries segment dragged down overall results. The year-over-year comparison comes in weak as dealers cut inventory dramatically despite the upcoming spring and summer crop seasons. The global giant lowers its outlook for 2013 to $57B to $61B in sales and $7.00 per share in profits - from a prior estimate of $60B to $68B in revenue and EPS of $7.00-$9.00. Shares are getting a bit of a lift by word Caterpillar will fire up a stock repurchase program for the first time since 2008, up 1.0% premarket. (PR)
Comments (4)
  • OldAmsterdam
    , contributor
    Comment (1) | Send Message
     
    a relief for those who were expecting worse.
    22 Apr 2013, 08:50 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    Growth accelerating?
    22 Apr 2013, 09:42 AM Reply Like
  • redarrow5150
    , contributor
    Comments (998) | Send Message
     
    Buying stock when sales are declining. Nothing like propping a stock up so Management can exercise options. They cut guidance and sales yet see value in buying their own stock? They should be increasing the dividend and not buying back stock.
    22 Apr 2013, 10:03 AM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    I saw a brief article or news blurb about how Kubota might be consuming part of CAT's midday meal.

     

    I also can't see why a Chinese company can't build a machine that's good enough for government work.

     

    I don't own CAT, but I follow it because it seems like investors assume that it is an indicator of global growth.

     

    I don't know what it indicates other than CAT isn't doing very well.
    22 Apr 2013, 10:57 AM Reply Like
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