Caterpillar Shares Slump 9% After Q3 Earnings Beat, Revenue Miss
Caterpillar reported third-quarter earnings above expectations but narrowly missed revenue estimates. Shares were down 11.8% in premarket trading at the time of writing.
Caterpillar Inc. (CAT) reported third-quarter results on Thursday, beating earnings expectations but narrowly missing revenue estimates.CAT shares traded 11.8% lower in premarket trading at the time of writing.“Our third-quarter results reflect the durability of our end markets, with strong order r…