{"id":10058,"date":"2017-01-27T15:28:01","date_gmt":"2017-01-27T15:28:01","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=10058"},"modified":"2017-01-27T15:28:01","modified_gmt":"2017-01-27T15:28:01","slug":"caterpillar-reports-4q-loss-of-1-17-billion-or-2-per-share","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/caterpillar-reports-4q-loss-of-1-17-billion-or-2-per-share\/","title":{"rendered":"Caterpillar reports 4Q loss of $1.17 billion, or $2 per share."},"content":{"rendered":"<p><strong>Peoria-<\/strong>Caterpillar&#8217;s fourth-quarter loss widened, dragged down by three hefty charges and higher-than-expected restructuring costs.<\/p>\n<p>Its adjusted profit beat Wall Street&#8217;s expectations, but its revenue missed expectations. The construction and mining company also slightly lowered its 2017 revenue forecast.<\/p>\n<p>For the three months ended Dec. 31, Caterpillar Inc. lost $1.17 billion, or $2 per share. That compares with a loss of $94 million, or 16 cents per share, a year earlier.\u00a0Revenue declined to $9.57 billion from $11.03 billion, missing the $9.75 billion in revenue that Wall Street expected.<\/p>\n<div class=\"tnt-ads-container text-center \">\n<div id=\"fixed-big-ad-top-asset\" class=\"tnt-ads dfp-ad dfp-rendered dfp-creative-null dfp-line-item-null\" data-dfp-adunit=\"\/132916964\/qconline.com\/business\" data-dfp-custom-pos=\"fixed-big-ad-top-asset, atf\" data-dfp-size=\"[300,250]\" data-google-query-id=\"CJHR-YbP4tECFUh1AQodwTgMOQ\">\n<div id=\"google_ads_iframe_\/132916964\/qconline.com\/business_2__container__\">Stripping out the charges and restructuring costs, earnings were 83 cents per share.\u00a0 Still, that easily beat the 65 cents per share that analysts polled by Zacks Investment Research expected.<\/div>\n<\/div>\n<\/div>\n<p>In a written statement, Caterpillar CEO Jim Umpleby said the company&#8217;s quarterly performance &#8220;continued to reflect pressure in many of our end markets from weak economic conditions around much of the world.&#8221;<\/p>\n<p>For the year, Caterpillar reported an adjusted profit of $3.42 per share on revenue of $38.54 billion. Looking ahead, it said it now anticipates 2017 revenue in a range of $36 billion to $39 billion, with a midpoint of $37.5 billion.<\/p>\n<div id=\"tncms-region-article_instory_middle\" class=\"tncms-region hidden-print\">It previously said revenue of about $38 billion was a reasonable midpoint expectation. Caterpillar said that it had to slightly lower its expectations due to the strengthening of the U.S. dollar over the last two months.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Peoria-Caterpillar&#8217;s fourth-quarter loss widened, dragged down by three hefty charges and higher-than-expected restructuring costs. Its adjusted profit beat Wall Street&#8217;s expectations, but its revenue missed expectations. The construction and mining company also slightly lowered its 2017 revenue forecast. For the three months ended Dec. 31, Caterpillar Inc. lost $1.17 billion, or $2 per share. That [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,8],"tags":[252,535],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Caterpillar reports 4Q loss of $1.17 billion, or $2 per share. - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/caterpillar-reports-4q-loss-of-1-17-billion-or-2-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caterpillar reports 4Q loss of $1.17 billion, or $2 per share. - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"Peoria-Caterpillar&#8217;s fourth-quarter loss widened, dragged down by three hefty charges and higher-than-expected restructuring costs. Its adjusted profit beat Wall Street&#8217;s expectations, but its revenue missed expectations. The construction and mining company also slightly lowered its 2017 revenue forecast. For the three months ended Dec. 31, Caterpillar Inc. lost $1.17 billion, or $2 per share. 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