Apr 22nd, 2013: A quick snapshot of Caterpillar Inc (CAT)'s top and bottom line results.
Q1 2013 Quarterly Results:
- Highlights: Decent increase in revenues; Solid profit increase; Decline in Retail Financing operations.
- Revenue: Caterpillar Inc (CAT) reported a 2% improvement in Revenues, from $668M last year to $680M in Q1 2013. Average estimate by analysts was Revenue of $13.72B, but the market had already made allowances for a significant downward revision.
- Net Income: Profit before taxes was $187M compared with $170M reported last year, largely rising on the backs of favorable impact from higher average earning assets.
- EPS: Q1 2013 profit declined to $1.31 a share from the $2.37/share reported last year. Average estimates were for an EPS of $1.40/share.
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MarketConsensus Stock Analysis Team