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The company reported earnings of $757 million, or $1.23 per share, down from $1.00 billion, or $1.54 per share, in the year prior. Adjusted earnings were $1.35 per share, which fell below analysts’ view of $1.55 per share.
Revenue fell to $14.24 billion from $14.40 billion last year. Analysts expected to see revenue of $14.18 billion.
Looking ahead to FY2015, the company expects to see revenue of about $50 billion and adjusted earnings of $4.75 per share. Analysts expect to see $55.01 billion in revenue and $6.67 per share in earnings.
Investors interested in CAT may want to wait a quarter or two for the company to right the ship.
|VTSMX||Vanguard Total Stock Market Index||1.69%|
|VFINX||Vanguard 500 Index||1.08%|
|WASCX||Ivy Asset Strategy||0.83%|
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