Caterpillar Inc. | $CAT Stock | Shares Gain Following Q4 Earnings Beat


Caterpillar Inc. (NYSE: CAT)


On Thursday before the market opened, shares of Caterpillar Inc ($CAT) gained in the premarket following strong Q4 results and an upbeat guidance.

The company announced an adjusted earnings per share of $2.16 on $12.9 billion in sales while analyst were expecting $1.77 adjusted earnings per share on $11.8 billion in sales.

Caterpillar also announced full year adjusted earnings per share between $8.25 and $9.25.

Shares are currently up more than 3% in the premarket.

$CAT Technicals


Taking a look at the 5-minute chart above you will see that shares are gaining the premarket and looking to gap up about 3.9%. This will push shares to highs for the year as $CAT continues its epic run for the past few years.

There are some important levels that we will want to keep an eye on. Since we are jumping to new highs we will have to use whole and half dollar marks as resistance while support will be at recent highs at $173.24 followed up by $173, $167.67 and the 20EMA at $164.15.

Executive Comments

“We are pleased with the overall performance of our business during 2017, including continued good portfolio health and operational execution during the year,” said Dave Walton, president of Cat Financial and vice president with responsibility for the Financial Products Division of Caterpillar Inc. “With our ongoing focus on expanding our ability to serve customers globally through financial services solutions, we remain well-positioned to serve the needs of Caterpillar, Cat dealers and our growing customer base worldwide.

Company Profile

Caterpillar, Inc. engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It provides technology for construction, transportation, mining, forestry, energy, logistics, electronics, financing, and electric power generation.

It operates through the following segments: Construction Industries, Resource Industries, Energy & Transportation, Financial Products, and All Other. The Construction Industries segment supports customers using machinery in infrastructure and building construction applications.

The Resource Industries segment responsible for supporting customers using machinery in mining and quarrying applications and it includes business strategy, product design, product management, and development, manufacturing, marketing and sales and product support.

The Energy & Transportation segment supports customers in oil and gas, power generation, marine, rail, and industrial applications. The Financial Products segment line business provides a wide range of financing alternatives to customers and dealers for Caterpillar machinery and engines, solar gas turbines as well as other equipment and marine vessels.

The All Other segments includes activities such as; the business strategy, product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, engaging tools, and fluid transfers. The company was founded on April 15, 1925 and is headquartered in Peoria, IL. –MarketWatch