Investing Club: Despite an unwarranted share slide, industrial powerhouse Caterpillar delivers a solid Q4
Caterpillar reported solid fourth-quarter results Tuesday, demonstrating robust business fundamentals and steady demand for the construction-and-mining equipment made by the Club's newest holding . Revenue jumped 20.3% year-over-year, to $16.6 billion, beating analysts' expectations for $16.04 billion, according to estimates compiled by Refinitiv. If not for supply chain challenges, the topline result would have been even higher. Adjusted earnings-per-share surged 43.5% annually, to $3.
Caterpillar excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, Jan. 27, 2020.
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