Caterpillar Shares Slide 9% Premarket After Revenue Miss
Caterpillar reported 17% revenue growth, but revenue fell short of Wall Street expectations. Shares fell 9% in premarket trading.
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11:41:08 AM UTC
SquawkNews
UPDATE 3-Caterpillar tops quarterly profit view, but shares sink after unchanged annual growth forec
By Alexander OsipovichShares of Caterpillar dived 9% premarket after the industrial-equipment maker reported solid growth, particularly in its business unit that serves electricity-hungry AI data centers, but still fell short of Wall Street's sky-high expectations.Total revenue jumped 17% in the th…