(CAT - Free Report
) , the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, reported first-quarter 2018 results, wherein adjusted earnings of $2.82 surpassed the Zacks Consensus Estimate of $2.11 by a margin of 34%.
Revenue: Caterpillar posted revenues of $12.9 billion, handily beating the Zacks Consensus Estimate of $11.6 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for the first quarter has gone up 2% over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 52%.
Caterpillar Inc. Price and EPS Surprise
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