Caterpillar Inc. reported its Q3 2024 earnings with adjusted earnings per share (EPS) of $5.17, missing the estimated $5.33. The company's revenue for the quarter was $16.1 billion, falling short of the expected $16.4 billion and marking a 4% decrease from the previous year. The decline in sales volume was primarily due to lower equipment sales to end users and unfavorable changes in dealer inventories. Caterpillar also provided guidance for Q4, indicating that it expects revenue to be slightly lower year-over-year, with adjusted operating margins modestly higher. The company revised its full-year 2024 revenue outlook to be slightly lower than previously anticipated. Financial Products Revenue stood at $875 million. Q3 profit per share was $5.06. Adjusted Operating Income was $3.22 billion. Following the earnings report, Caterpillar's stock dropped by approximately 5% in pre-market trading.