Earnings Report Summary for Tuesday, August 6
Caterpillar (CAT)
Earnings Release: Before market open
Analysts' Expectations:
Earnings Per Share (EPS): $5.54 (down from last year's $5.55)
Revenue: $16.7 billion (down 3.7% year-over-year)
Focus Point:
Inventory progression due to soft end-market conditions
Historical trend: Dealer inventories typically fall by $150 to $200 million in Q2