Can not see any benefit from Trade War by reading CAT earning re

Shares of Caterpillar dropped 7 percent after it gave disappointing 2018 guidance and management pointed out costs were rising because of tariffs.

The company reiterated its prior 2018 EPS guidance range of $11.00 to $12.00 adjusted, but Wall Street expected the company to raise that forecast. The lower range of that forecast fell short of the $11.65 EPS estimated by analysts, according to Refinitiv.

"Manufacturing costs were higher due to increased material and freight costs. Material costs were higher primarily due to increases in steel prices and tariffs," the company stated in a press release. "In the fourth quarter, price realization, operational excellence and cost discipline are expected to more than offset higher material and freight costs, including tariffs."

 

Later in the release, the company said the impact of tariffs for third-quarter material costs was about $40 million.

所有跟帖： 

• 真正好的公司，是为AI服务的公司 -Mom2016- ♀ (35 bytes) () 10/23/2018 postreply 05:22:21

• 请问有哪些公司？ -常如- ♀ (0 bytes) () 10/23/2018 postreply 05:25:48

• 昨天才说在270买，今天就到270-271 -财富001- ♂ (0 bytes) () 10/23/2018 postreply 05:27:01