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Monday, February 5, 2024

CAT: Blowout 4Q23 Earnings

Locator: 46747ECON.

Link here

Or go direct to Barron's

One may want to re-read Paul Krugman's recent op-ed on the economy.

What economic peak? Caterpillar CAT 2.41% stock is higher after the company reported blowout fourth-quarter earnings that included improving profit margins. Cat announced fourth-quarter earnings per share (EPS) of $5.23 from sales of $17.1 billion on Monday morning.
A year ago, Cat reported EPS of $3.86 from sales of $16.6 billion.

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