Caterpillar Reports Q3 2016 Results & 2017 Expectations

By Team Writer / October 31, 2016

During the third quarter of 2016, Caterpillar has experienced a large loss of 49% per share. Caterpillar cites this decline as the downturn of the worldwide economic market that exists today. Although they have experienced this downturn in the third quarter, Caterpillar anticipates a high rate of return per share and an encouraging profit in the Chinese market in 2017.

Key Takeaways:

  • Caterpillar announced Tuesday its profit per share of $0.48 for the third quarter of 2016
  • Economic weakness throughout much of the world persists and, as a result, most of our end markets remain challenged
  • Cat’s full-year outlook for 2016 sales and revenues is about $39 billion, and profit is $2.35 per share

“Economic weakness throughout much of the world persists and, as a result, most of our end markets remain challenged.”

http://www.constructionequipment.com/caterpillar-reports-q3-2016-results-2017-expectations?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+constructionequipment%2Fnews+%28Construction+Equipment+%7C+Breaking+News%29

About the author

Team Writer