Caterpillar announced earnings today:EPS $5.23 versus expected $4.75revenues $17.1 billion versus $17.1 billion expectedIn addition, the company said that fiscal year 2024 revenues seen broadly similar to 2023 (+0.5%).The company CEO is now saying:Overall demand remains healthy across most of the end markets for products and servicesHe warns that within APAC ex China, they are in softening of economic conditionsHe also warns that because of supply chain constraints, they are not running at top efficiencyOf note is that the infrastructure spending initiatives are still being stimulative as is the funding for the Chips Act. Shares of Caterpillar are trading up $14.82 or 4.70% in premarket trad
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