Share prices down 1.7% – Own Snap
After rising sharply on June 3, when shares were worth $ 244, the company has suffered a rapid outflow of stocks. Today revenue per share is $ 215, and for the month the company is losing 1.7%. However, when compared to the last six months’ statistics, stock sales were up 9%. Caterpillar (CAT) is a US-based Fortune 100 company that designs, builds, engineers, manufactures, trades and supplies machines, engines, financial products and insurance to customers through an international supplier network. It is the world’s largest construction machinery manufacturer
Currently, the construction equipment manufacturer’s shares lost 1.49% last month, trailing the industrial products sector’s 0.36% loss. Caterpillar (CAT) will look to demonstrate its strength as the next earnings release approaches. The company is expected to post earnings per share of $ 2.36, an increase of 129.13% over the prior year quarter. The latest consensus estimate sees quarterly revenue of $ 12.44 billion, up 24.48% from the same period last year.
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