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Why Caterpillar Stock Slumped 5% Today

TheMotleyFool

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Shares of (NYSE: CAT) slumped a little over 5% Thursday morning and were still trading around 4.8% lower as of 12:30 p.m. ET.

Although the construction and mining giant beat earnings estimates for its fourth quarter, its revenue fell short of analysts' estimates yet again. Caterpillar's outlook, however, spooked investors, raising concerns about whether the stock will be able to maintain momentum after rallying 23% in 2024.

Here are some key numbers from Caterpillar's fourth-quarter and full-year earnings report (all changes are year over year):

Source Fool.com