- EPS adjusted $1.72 vs $1.34 exp
- expects 2014 sales and revenues to be c.$55bln vs prev forecast of $54-56bln
- EPS expectations for 2014 continue to improve
Better than expected Q3 numbers from the US machinery giant pushing share price up 5% in pre market and along with GM giving a boost to US equity markets
Caterpillar outlook:
- from an economic perspective they believe there is a reasonable likelihood that world economic growth could improve on 2015
Sounds like that’s based on hope rather than scientific fact
- despite cautious optimism for improved global economic growth, significant risks and uncertaintities remain that could temper growth in 2015
As I was saying but, hang on, they also say
We believe the likelihood of significant decline from current levels is limited
- preliminary outlook for 2015 expects sales and revenues to be flat to slightly up from 2014
Add:
Chinese govt push for structural reform is slowing growth
Timing of US fiscal and monetary policy actions may temper business confidence
Caterpillar website here
