AP NEWS

Caterpillar: 4Q Earnings Snapshot

January 31, 2020 GMT

DEERFIELD, Ill. (AP) _ Caterpillar Inc. (CAT) on Friday reported fourth-quarter earnings of $1.1 billion.

On a per-share basis, the Deerfield, Illinois-based company said it had profit of $1.97. Earnings, adjusted for non-recurring costs, were $2.63 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.

The construction equipment company posted revenue of $13.14 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $13.59 billion.

Caterpillar expects full-year earnings to be $8.50 to $10 per share.

Caterpillar shares have fallen slightly more than 8% since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 2%. The stock has risen 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT