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The company reported revenue of $15.8 billion and earnings of $5.60 on a per share and adjusted basis, compared to our estimates of $16.4 billion and $5.18, respectively.
Caterpillar stock (NYSE:CAT) can keep rising despite fears of a possible slowdown in growth. The heavy machinery, construction, and mining equipment giant had a phenomenal 2023, with the stock hitting new all-time highs once its full-year results came out. Following a year of impressive sales and earnings growth, 2024 is anticipated to be a period of consolidation for the company. However, this doesn’t rule out the possibility of further share price gains. For this reason, I remain bullish on CA
BAT tapped Wall Street banks like Bank of America and Citi to help trim its stake in ITC.
We believe Caterpillar stock (NYSE: CAT) is a better pick than Boeing stock (NYSE: BA) for the next three years.
For the readers interested in the stock health of Caterpillar Inc. (CAT). It is currently valued at $177.95. When the transactions were called off in the previous session, Stock hit the highs of $180.72, after setting-off with the price of $180.59. Company’s stock value dipped to $176.311 during t