Caterpillar’s Q4 revenue falls 5%, but earnings beat expectations

Caterpillar (US:CAT) revealed that fourth-quarter revenues were 5 per cent down on the final quarter of 2023 at $16.2bn (£13.1bn). But the heavy equipment manufacturer delivered earnings that were ahead of analyst expectations. And although the softening sales were reflected in a $1.3bn fall in dealer inventories, the impact of the dip was mitigated to an extent by favourable pricing.