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Falls of 3% in Caterpillar after earning more but selling less than expected

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Caterpillar It has fallen 3% after confessing to the market. The company has registered a net profit of 1,100 million with respect to the 1,050 million of the previous year. Its revenues reached 13.1 billion compared to the anticipated 13.6 billion and its BPA It has stood at $ 2.63 compared to $ 2.37.

"We are still waiting for global uncertainties to press our sales in 2020 and cause the reduction of our inventories," said the group CEO, Jim Umpleby.

Looking ahead to this 2020, Caterpillar anticipate a BPA between $ 8.50 and $ 10, compared to $ 10.60 anticipated by the consensus of FactSet. In the last three months, the company has accumulated losses of 1.8% with respect to the earnings of 6.7% of the Dow jones.

The company It has already collapsed in the stock market after announcing that in 2018 it had won 48% less.

The turnover of the manufacturer of Peoria (Illinois) reached 2,847 million dollars (2,494 million euros), 5.9% more than a year earlier, thanks to the positive effect of 107 million dollars (94 million euros) for higher financing rates and another 94 million dollars (82 million euros) due to the higher average income of the assets, while assuming an unfavorable effect of 48 million dollars (42 million euros) due to the lower loan activity with Caterpillar .

. (tagsToTranslate) Falls (t) Caterpillar (t) after (t) earning (t) more (t) but (t) selling (t) less (t) expected (t) Category: All (t) Category: Market Report (t) Category: Company News (t) Category: Pulses (t) Category: Market Pulse (t) Category: Sectorial: Producer Manufacturing



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