Caterpillar reports 4Q loss

Markets Associated Press

FILE - In this Wednesday, Sept. 17, 2014, file photo, a Caterpillar 349E Hydraulic Excavator operates on a construction site in Miami Beach, Fla. Caterpillar, Inc. reports financial earnings Thursday, Jan. 26, 2017. (AP Photo/Wilfredo Lee, File) (The Associated Press)

Caterpillar Inc. (CAT) on Thursday reported a loss of $1.17 billion in its fourth quarter.

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On a per-share basis, the Peoria, Illinois-based company said it had a loss of $2. Earnings, adjusted for non-recurring costs and asset impairment costs, were 83 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The construction equipment company posted revenue of $9.57 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $9.75 billion.

Caterpillar expects full-year earnings to be $2.90 per share, with revenue in the range of $36 billion to $39 billion.

Caterpillar shares have climbed almost 6 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 3 percent. The stock has climbed 69 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT

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Keywords: Caterpillar, Earnings Report, Priority Earnings