Caterpillar: Q1 EPS above expectations

(CercleFinance.com) - Caterpillar has reported Q1 2020 adjusted EPS that is down 39% at 1.
98 dollar, therefore exceeding the consensus by around 30 cents, for revenues that are down 21% at 10.6 billion dollars.

The machinery giant explains the fall in its sales volumes by reduced demand from end users and the impact of inventory changes at distributors, mainly in the construction and resources sectors.

The group, which withdrew its 2020 earnings targets a month ago due to the pandemic, said that in the middle of April, around 75% of its main production sites in the world continued to operate.


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