Caterpillar financial report for Q1 2015 exceeded forecasts

Noam Stiekema

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 […]

Caterpillar equippment

Caterpillar equippmentThe 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.

Read this next

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

<