Caterpillar is trading 10.13% down at $641.08 after its October 29 earnings report and revenue-growth outlook failed to satisfy high expectations. - Adjusted EPS beat estimates, but the company maintained its mid-to-high-teens annual revenue-growth outlook; Reuters reported analysts expected growth near 18%. - Investors also weighed moderating sales growth and capacity constraints. - Record backlog and strong data-center power demand did not offset concerns about growth, tariffs and AI spending sentiment; broader market weakness added pressure.
🔴 Caterpillar is trading 10% down today as revenue-growth outlook fell short of expectations