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Caterpillar Inc. reported a revenue miss for the fourth quarter of 2024, leading to a decline in its stock price by approximately 4.5% in pre-market trading. Despite exceeding profit expectations, the company indicated a cautious outlook, projecting a slight decrease in sales for 2025 due to lower sales volume and unfavorable pricing conditions. Analysts noted that Caterpillar's sales and revenue were impacted by reduced sales volume, although price realization provided some offset. The company's performance is closely monitored as it is viewed as a bellwether for global economic growth, supplying heavy equipment to the construction, mining, and energy sectors. Following the announcement, shares fell 5%, marking the largest drop in three months, as investors reacted to the forecast of slightly lower sales in the upcoming year.
Caterpillar $CAT sales and revenue declined in Q4 due to lower sales volume, partially offset by favourable price realization. Positively, it continues to be a dividend aristocrat with bright spots in engines and gas turbine demand driven by data center growth. https://t.co/o6V0YXFXgH
🚨Caterpillar, $CAT, slumped 5% as the global economy slows: Shares fell the most in 3 months after firm said sales will be “slightly lower” in 2025. Caterpillar is a bellwether for global growth as it supplies heavy equipment to the construction, mining and energy industries. https://t.co/h2BZ1VXlnp
$CAT Guidance: "We expect a slight decrease in sales for 2025 with an unfavorable impact from both volume and price. Due to the impact of post-sales merchandising programs, price realization should account for about a 1% decrease in sales for the full year. On margins, the… https://t.co/HvSprcjYae
