Caterpillar (CAT): Q2 EPS of $1.45 misses by $0.25. Revenue of $14.62B misses by
$0.41B.
More on Caterpillar (CAT) Q2 earnings: EPS of $1.45 vs. $2.54 a year ago on revenues of $14.62B down from $17.37B. $1B reduction in dealer machine inventory was more than expected and dealers are positioned to reduce it even further; management expects it to decline another $1.5B-$2B in H2, ending the year at about $3.5B - "this means we are underselling end-user demand ... it sets us up for better sales in 2014." FY13 EPS guidance is cut $0.50 to $6.50, with revenues of $56B-$58B vs. a previous range of $57B-$61B. "2013 is turning out to be a tough year and we've already taken action to reduce costs." Share repurchases are expected to be about $1B in Q3. Shares -1.2% premarket. CC at 11 ET
Ford Motor (F): Q2 EPS of $0.45 beats by $0.08. Revenue of $38.1B beats by $2.95B
More on Ford (F) Q2: net income +$193M to $1.2B, pretax profit +$726M to $2.6B; revenues +15% to $38.1B; Wholesale volume +16% to 1.67M vehicles. Total Automotive operating margin 6.4%, +1.5 percentage points from 2012. Operating-related cash flow +$2.5B to $3.3B; liquidity +$2.6B to $37.1B. Ford Credit pretax profit $454M vs $438M last year. Improves FY guidance: now expects total pre-tax profit to be equal to or higher than 2012, automotive operating margin to be about equal to 2012, and automotive operating-related cash flow to be substantially higher than 2012. Shares +3.1% premarket.
More Stocks News More on Caterpillar (CAT) Q2 earnings: EPS of $1.45 vs. $2.54 a year ago on revenues of $14.62B down from $17.37B. $1B reduction in dealer machine inventory was more than expected and dealers are positioned to reduce it even further; management expects it to decline another $1.5B-$2B in H2, ending the year at about $3.5B - "this means we are underselling end-user demand ... it sets us up for better sales in 2014." FY13 EPS guidance is cut $0.50 to $6.50, with revenues of $56B-$58B vs. a previous range of $57B-$61B. "2013 is turning out to be a tough year and we've already taken action to reduce costs." Share repurchases are expected to be about $1B in Q3. Shares -1.2% premarket. CC at 11 ET
Ford Motor (F): Q2 EPS of $0.45 beats by $0.08. Revenue of $38.1B beats by $2.95B
More on Ford (F) Q2: net income +$193M to $1.2B, pretax profit +$726M to $2.6B; revenues +15% to $38.1B; Wholesale volume +16% to 1.67M vehicles. Total Automotive operating margin 6.4%, +1.5 percentage points from 2012. Operating-related cash flow +$2.5B to $3.3B; liquidity +$2.6B to $37.1B. Ford Credit pretax profit $454M vs $438M last year. Improves FY guidance: now expects total pre-tax profit to be equal to or higher than 2012, automotive operating margin to be about equal to 2012, and automotive operating-related cash flow to be substantially higher than 2012. Shares +3.1% premarket.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
