Caterpillar misses on revenue in the first quarter

Construction machinery manufacturer Caterpillar (CAT) saw a mixed bag of first-quarter earnings results, falling short of revenue estimates ($14.96 billion compared to an expected $15.13 billion) but topping adjusted earnings per share outlook ($5.60 compared to an expected $5.13). Caterpillar shares are in turn falling Thursday morning, though it has been on a run year-to-date in 2024. Yahoo Finance Senior Business Reporter Ines Ferré crunches the numbers on Caterpillar's results, breaking down the warning it issued on declining sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

(Bloomberg) -- Caterpillar Inc. reported first-quarter results that showed machinery sales dipping from a year earlier and warned its second-quarter figures are also expected to be lower.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s Miss Sparks Fears in Tech With More Earnings AheadTaylor Swift Is Proof