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Is $CAT still crushing it?
A few minutes ago, it reported and beat analysts' expectations $CAT
Here are the key details from the report:
- Revenue: $17.4 billion ($16.49 billion was analysts' estimate)
- Earnings per share: $5.54 (forecast was $4.63)
- Cat Financial revenue: $947 million; a 10% increase compared to the same quarter last year.
- Cat Financial profits: $144 million; an 11% increase compared to last year.
- New retail sales volume: $3.19 billion; an 8% increase compared to last year.
- Cat Financial: Revenue: $947 million (10% growth from last year).
- Profit before tax: $195 million (12% growth from last year).
- Net income: $144 million (11% growth from last year).
- New retail sales volume: $3.19 billion (8% growth from last year).
- Total assets: $38.16 billion.
Additional metrics: - Delinquency rate: 1.39% compared to 1.58% in the same quarter.
- Net charge-offs: $29 million compared to $20 million last year.
The company concludes:
"New retail activity was strong, and our portfolio continues to perform well, with the delinquency rate remaining at a historically low level."
$CAT stock is up about 5% in pre-market trading and has completed a gain of about 45% since the beginning of the year!