ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAT Stock Price » CAT Stock News

Caterpillar Share News

 Caterpillar Inc. Stock Price
CAT Stock Price
 Caterpillar Inc. Stock Chart
CAT Stock Chart
 Caterpillar Inc. Stock News
CAT Stock News
 Caterpillar Inc. Company Information
CAT Company Information
 Caterpillar Inc. Stock Trades
CAT Stock Trades

Woodward Cuts Fiscal Year Outlook on Weak 3Q Expectations

By Tess Stynes Woodward Inc. (WWD) gave fiscal third-quarter guidance well below expectations as the company also cut its forecast for the full year amid lower-than-expected results at its aerospace business. The designer of control systems for the aerospace and energy markets also unveiled a 10-year supply agreement with Caterpillar Inc. (CAT) that includes diesel fuel injection systems, natural-gas engine control system components and other items. Woodward said the quarterly estimates were driven by issues including lower defense sales and lower-than-expected growth in commercial aftermarket sales. The company said the aerospace segment also has been hit by new product development and production process spending for new programs that have expanded more than anticipated in content and complexity. For the quarter, Woodward projected per-share earnings of roughly 40 cents and net sales of $460 million. Analysts polled by Thomson Reuters recently projected earnings of 60 cents and revenue of $491 million. Woodward cut its per-share earnings view for the year to $1.90 to $2 on net sales of $1.85 billion to $1.9 billion from its prior view for $2.20 to $2.35 and net sales of $1.85 billion to $1.95 billion. The company expects to release its fiscal third-quarter financial results on July 23. Shares closed Friday at $36.05 and were inactive in recent premarket trading. The stock is down nearly 12% this year. Write to Tess Stynes at Tess.Stynes@dowjones.com

Stock News for Caterpillar (CAT)
DateTimeHeadline
08/31/201517:32:48Statement of Changes in Beneficial Ownership (4)
08/24/201522:00:00Boeing to Lay Off Hundreds of Workers at Satellite Business
08/20/201509:10:02Current Report Filing (8-k)
08/18/201503:54:00Seeing Machines, Caterpillar in Talks for Next Phase of Global...
08/14/201511:24:37KAZ Minerals Signs $50 Million Facility With Caterpillar
08/11/201509:20:36U.S. Charges 9 in Big Insider Trading Scheme
08/10/201509:00:00Caterpillar to Participate in the Jefferies 2015 Industrials...
08/05/201509:00:00Caterpillar to Host a Teleconference with Investors and Analysts...
08/04/201516:16:41Statement of Changes in Beneficial Ownership (4)
08/04/201515:55:00Statement of Changes in Beneficial Ownership (4)
08/04/201515:50:26Statement of Changes in Beneficial Ownership (4)
08/04/201515:46:36Statement of Changes in Beneficial Ownership (4)
08/04/201515:38:18Statement of Changes in Beneficial Ownership (4)
07/31/201514:53:39Statement of Changes in Beneficial Ownership (4)
07/31/201514:47:09Statement of Changes in Beneficial Ownership (4)
07/28/201515:50:22Caterpillar to Build Its Own Dump Trucks -- 2nd Update
07/28/201512:10:37Caterpillar to Buy Back $1.5 Billion in Shares
07/28/201512:04:08Caterpillar to Buy Back $1.5 Billion in Shares From Citibank...
07/28/201510:56:22Caterpillar to Build Its Own Dump Trucks -- Update
07/28/201510:51:33Caterpillar to Buy Back $1.5 Billion in Shares From Citibank

Caterpillar and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad