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Caterpillar: 4Q Earnings Snapshot

January 28, 2019

DEERFIELD, Ill. (AP) _ Caterpillar Inc. (CAT) on Monday reported fourth-quarter net income of $1.05 billion, after reporting a loss in the same period a year earlier.

The Deerfield, Illinois-based company said it had profit of $1.78 per share. Earnings, adjusted for one-time gains and costs, were $2.55 per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.98 per share.

The construction equipment company posted revenue of $14.34 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $14.37 billion.

Caterpillar expects full-year earnings to be $11.75 to $12.75 per share.

Caterpillar shares have increased roughly 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 6 percent. The stock has declined 18 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT

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