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published in Blogs
Jan 29, 2022
Caterpillar (CAT, $201.16) beats Q4 earnings expectations

Caterpillar (CAT, $201.16) beats Q4 earnings expectations

Caterpillar  reported its fourth quarter earnings that surpassed analysts’ expectations, on the back of a rebound in  construction equipment sales and increasing commodity prices.

The agricultural equipment maker's adjusted earnings for the three months ending in December rose +27% from the year-ago period to $2.69 per share, exceeding the Street consensus expectations of $2.26 per share.

Revenues climbed +23% year-over-year to $13.8 billion, beating analysts' estimates of  $13.15 billion.

Caterpillar’s operating profit margin fell to  111.7% from 13.4% in the previous quarter. The company’s cash as of the quarter-end was $9.3 billion vs. $19.4 billon after the three months ending in September.

The company paid out more that $5 billion to shareholders through buybacks and dividends over 2021.

Related Tickers: CAT