Caterpillar Stock Slides After Revenue Misses Projections
1. Caterpillar's Q4 revenue fell 5% year-over-year to $16.2 billion. 2. Earnings per share reached a record high of $5.78, exceeding expectations. 3. Revenue declines attributed to lower dealer inventories, down $1.3 billion. 4. Construction and resource segments experienced substantial revenue drops of 8% and 9% respectively. 5. CAT is viewed as a bellwether for economic conditions, impacting investor sentiment.