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DewDiligence

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DewDiligence

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Re: DewDiligence post# 1084

Wednesday, 10/30/2024 7:36:17 PM

Wednesday, October 30, 2024 7:36:17 PM

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CAT—(-2%)—reports 3Q24 results—lowers_expectations_for 4Q24:

https://finance.yahoo.com/news/caterpillar-reports-third-quarter-2024-103000540.html

3Q24 results were below consensus expectations due to soft sales in two of the three business segments: construction equipment (-9% YoY); and mining (-10% YoY). 3Q24 sales in the energy & transportation segment were +5% YoY.

Although CAT does not provide specific sales or earnings guidance for any quarter, CAT did say that 4Q24 sales will be down relative to 3Q24 and that full-year 2024 sales will be lower than the company previously expected.

“The efficient-market hypothesis may be
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in any area of human knowledge!”

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