Wall Street Watch Tuesday: Caterpillar Gets Pessimistic, Cuts Outlook
Filed under: Earnings, Apple, Market News, Caterpillar
Caterpillar (CAT) is refreshing its outlook for 2015.
The world’s largest maker of construction and mining equipment is looking to earn between $12 and $18 in 2015, fueled by $80 billion to $100 billion in revenue. These may seem like big numbers, but keep in mind that Caterpillar topped $60 billion in sales last year. Projecting sales to grow by as little as 33% in four years isn’t going to impress growth investors.
However, the real problematic part of Caterpillar’s new guidance is that its…
Wall Street Watch Tuesday: Caterpillar Gets Pessimistic, Cuts Outlook originally appeared on DailyFinance.com on 2012-09-25T09:34:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/09/25/wall-street-watch-tuesday-caterpillar-cuts-2015-outlook/