Investing.com - Caterpillar (NYSE:CAT) shares fell in premarket trading Monday after the company reported fourth-quarter earnings well short of analysts' expectations and posted an outlook for 2019 that was also weaker than investors hoped.
The firm reported earnings per share of $2.55 on revenue of $14.34 billion. Analysts polled by Investing.com expected EPS of $2.98 on revenue of $14.3 billion.
Caterpillar shares lost 3.55% to trade at $132.00 in pre-market trade following the report.
The company gave no immediate explanation for the shortfall in earnings, saying that its cash position remained strong
That compared to EPS of $2.16 on revenue of $12.90B in the same period a year earlier. The company had reported EPS of $2.86 on revenue of $13.51B in the previous quarter.
Caterpillar follows other major Capital Goods sector earnings this month
On Wednesday, United Technologies reported fourth quarter EPS of $1.95 on revenue of $18.04B, compared to forecasts of EPS of $1.55 on revenue of $16.82B.
ASML ADR earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $2.13 on revenue of $3.58B. Investing.com analysts expected EPS of $2.05 on revenue of $3.42B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar