Business Standard

Caterpillar forecasts 2019 profit below estimates

Image

Reuters

(Reuters) - Caterpillar Inc forecast full-year profit below analysts' estimates on Monday, indicating a slide in global demand stemming from China would worsen after it reported revenue in line with expectations for the last three months of 2018.

The company forecast 2019 adjusted profit of $11.75 to $12.75 per share, compared with analysts' average estimate of $12.73, according to IBES data from Refinitiv.

(Reporting by Rachit Vats in Bengaluru and Rajesh Kumar Singh in Chicago; Editing by Sriraj Kalluvila)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 28 2019 | 6:22 PM IST

Explore News