Caterpillar (CAT) Tops Q1 EPS by 74c; Raises Outlook

Caterpillar (NYSE: CAT) reported Q1 EPS of $2.82, $0.74 better than the analyst estimate of $2.08. Revenue for the quarter came in at $12.9 billion versus the consensus estimate of $11.98 billion.

2018 Outlook

In January, Caterpillar provided a 2018 profit outlook range of $7.75 to $8.75 per share. The company is increasing its 2018 profit outlook by $2.00 per share to a range of $9.75 to $10.75 per share (*** consensus is $9.17), primarily due to growing demand for products and services. The outlook includes about $400 million of restructuring costs, unchanged from the previous outlook. The revised outlook range for adjusted profit is $10.25 to $11.25 per share.

"Based on our strong first-quarter results and higher demand across all regions and most end markets, we are raising our outlook for 2018. We will continue to make targeted investments in expanded offerings and services, consistent with our strategy for long-term profitable growth," said Umpleby.

For earnings history and earnings-related data on Caterpillar (CAT) click here.

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