CAT - Why Construction Equipment Maker Caterpillar's Stock Is Sliding Today | Benzinga
Leading construction and mining equipment manufacturer Caterpillar Inc (NYSE: CAT) reported a third-quarter FY23 revenue increase of 12% year-over-year to $16.81 billion, beating the consensus of $16.59 billion.
CAT's adjusted earnings of $5.52 per share, compared to $3.95 a year ago, topped the consensus of $4.79.
The sales increase was due to favorable price realization and higher sales volume that was driven by higher sales of equipment ...