Caterpillar misses 4Q earnings expectations, tops revenue forecasts

MarketsAssociated Press

Caterpillar Inc. (CAT) on Tuesday reported fourth-quarter profit of $757 million.

On a per-share basis, the Peoria, Illinois-based company said it had profit of $1.23. Earnings, adjusted for restructuring costs, came to $1.35 per share.

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The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The construction equipment company posted revenue of $14.24 billion in the period, beating Street forecasts. Analysts expected $14.18 billion, according to Zacks.

Caterpillar expects full-year earnings to be $4.75 per share, with revenue expected to be $50 billion.

Caterpillar shares have declined 6 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has declined slightly 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 http://www.zacks.com/ap/CAT

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Keywords: Caterpillar, Earnings Report, Priority Earnings