Caterpillar Sales Jump on Growing AI Demand, But Wall Street Wanted More
Third-quarter total sales and revenue jumped 17% to $20.68 billion, missing analyst estimates
By
Connor HartThird-quarter total sales and revenue jumped 17% to $20.68 billion but came in below Wall Street models for $20.76 billion. patrick t. fallon/Agence France-Presse/Getty Images
continues to grow, just not fast enough for Wall Street.
The industrial-equipment maker said revenue rose 17% to $20.68 billion in the third quarter, missing analyst estimates and marking a sequential slowdown from the 24% gain the company logged three months prior.
