From Yahoo Finance: 2025-04-30 06:36:00

Caterpillar reports lower-than-expected first-quarter results due to weak construction equipment demand. The company outlines two scenarios for annual sales forecast, one including potential tariff impact. Shares rise 1% after forecasting improvement without tariffs. Additional tariff-related costs of $250-350 million expected in second quarter. Incoming CEO Joe Creed implements short-term actions to address challenges. High borrowing costs, inflation, and China’s property sector weakness impact sales. Asia-Pacific revenue falls 12% to $2.4 billion, quarterly profit per share lower than analysts’ estimates. Sales and revenue for first quarter down 10% to $14.2 billion.



Read more at Yahoo Finance: Caterpillar misses first-quarter estimates, flags tariff hit to annual sales