CAT does not issue specific guidance for any year or quarter; however, management said that 2025 was expected to be “slightly” down from 2024, and this was enough to send the share price down 4% today. Despite today’s selloff, CAT is +26% from its 12-month low.
p.s. CAT’s reciprocating-engine business is an AI-infrastructure play (#msg-174689607), so the stock had a mild selloff earlier this week on the DeepSeek news.
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