Revenue Update on Caterpillar(NYSE:CAT)

Caterpillar(NYSE:CAT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $10.34B. Analysts estimated a revenue of $10.06B. Earnings per share were $1.09. Analysts had estimated an EPS of $0.97.

Caterpillar (CAT) shares turned negative on Fridays trading session with the shares closing down -0.16 points or -0.19% at a volume of 42,74,241. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $83.14. The peak price level was also seen at $83.14 while the days lowest was $82.1345. Finally the shares closed at $82.76. The 52-week high of the shares is $84.29 while the 52-week low is $56.36. According to the latest information available, the market cap of the company is $48,321 M.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Bradley M Halverson (Group President & CFO) sold 574 shares at $72.58 per share price.Also, On May 9, 2016, Dennis A Muilenburg (director) purchased 1,128 shares at $71.01 per share price.On Apr 28, 2016, David L Calhoun (director) purchased 25,000 shares at $77.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Caterpillar Inc. is a manufacturer of construction and mining equipment diesel and natural gas engines industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries Construction Industries and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar CAT design versions of CAT and Caterpillar Electro-Motive FG Wilson MaK MWM Perkins Progress Rail SEM and Solar Turbines. It operates parts distribution centers at various locations including Morton Illinois; Arvin California; Denver Colorado; Miami Florida; Atlanta Georgia; St. Paul Minnesota and Dubai United Arab Emirates among others. Its subsidiaries include Caterpillar Life Insurance Company Cat Financial and Caterpillar Product Services Corporation (CPSC) among others.

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