• Yahoo Finance Video

    Caterpillar issues sales warning, misses on Q1 revenue

    Construction machinery manufacturer Caterpillar (CAT) saw a mixed bag of first-quarter earnings results, falling short of revenue estimates ($14.96 billion compared to an expected $15.13 billion) but topping adjusted earnings per share outlook ($5.60 compared to an expected $5.13). Caterpillar shares are in turn falling Thursday morning, though it has been on a run year-to-date in 2024. Yahoo Finance Senior Business Reporter Ines Ferré crunches the numbers on Caterpillar's results, breaking down the warning it issued on declining sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Reuters

    UPDATE 1-Hess profit jumps on Guyana output in positive sign for Exxon

    Hess Corp on Thursday reported first-quarter earnings well above analysts' forecasts, driven by a 28% increase in Guyana oil output, a sign Exxon Mobil's results out Friday could also top forecasts. Last October, Hess agreed to sell itself to Chevron for $53 billion in stock, but the deal has been stalled by a regulatory review and challenged by Exxon, which claims a right to Hess's Guyana assets.

  • Insider Monkey

    Otis Worldwide Corporation (NYSE:OTIS) Q1 2024 Earnings Call Transcript

    Otis Worldwide Corporation (NYSE:OTIS) Q1 2024 Earnings Call Transcript April 24, 2024 Otis Worldwide Corporation beats earnings expectations. Reported EPS is $0.88, expectations were $0.87. OTIS isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning and welcome to Otis’ […]