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Caterpillar Inc. reports a 9.8% drop in revenue, missing analysts' earnings estimates despite stockholder mix.
Caterpillar Inc.'s stock saw mixed activity from investors in the first quarter.
Atlas Brown Inc. reduced its stake slightly, while Central Pacific Bank Trust Division and Quent Capital LLC increased their holdings.
Caterpillar's revenue dropped by 9.8% year-over-year, and it reported an EPS of $4.25, missing analysts' estimates.
The company's stock is currently trading at $347.10, with analysts predicting an EPS of $19.86 for the fiscal year.
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Caterpillar Inc. informa de una caída del 9,8% en los ingresos, faltando a las estimaciones de ganancias de los analistas a pesar de la mezcla de accionistas.