Caterpillar misses by $0.44, reports revs in-line; guides FY19 EPS below consensus (136.86)
- Reports Q4 (Dec) earnings of $2.55 per share, excluding non-recurring items, $0.44 worse than the S&P Capital IQ Consensus of $2.99; revenues rose 11.2% year/year to $14.34 bln vs the $14.36 bln S&P Capital IQ Consensus.
- Co issues downside guidance for FY19, sees EPS of 11.75-12.75, excluding non-recurring items, vs. $12.77 S&P Capital IQ Consensus.
- "Our outlook assumes a modest sales increase based on the fundamentals of our diverse end markets as well as the macroeconomic and geopolitical environment. We will continue to focus on operational excellence, including cost discipline, while investing in expanded offerings and services to drive long-term profitable growth.