Caterpillar financial report for Q1 2015 exceeded forecasts
The Caterpillar financial report for Q1 2015 exceeded the forecasts. The net profit of Caterpillar for Q1 2015 increased by 20% per year to 1.11 billion USD, or 1.81 USD per share. With the exception of one-off restructuring costs the profit is 1.86 USD, the adjusted earnings included 14 cents per share from the sale […]
The Caterpillar financial report for Q1 2015 exceeded the forecasts. The net profit of Caterpillar for Q1 2015 increased by 20% per year to 1.11 billion USD, or 1.81 USD per share. With the exception of one-off restructuring costs the profit is 1.86 USD, the adjusted earnings included 14 cents per share from the sale of a stake in logistics company. The result exceeded the analysts expectations for 1.35 USD per share. The revenue fell by 4% to 12.7 billion USD amid the ongoing weakness in the mining and construction business, but exceeded the analysts forecasts for 12.4 billion USD.
Caterpillar reiterated its forecast for annual revenue of 50 billion USD, but raised his forecast for earnings per share between 4.70 and 5.00 USD to between 4.60 and 4.75 USD.
“The focus on operational improvement, including clean production and management costs, help us at a difficult time for some of our important cyclical businesses”, said CEO Douglas R. Oberhelman.
