Caterpillar shares dive 9%

[transporter]

And what is the rationale behind this?

Caterpillar shares dive 9% after industrial giant says material costs are rising because of tariffs

Shares of Caterpillar sank 9 percent after the heavy machinery maker gave disappointing 2018 guidance and management pointed out costs were rising because of tariffs.

The company reiterated its prior 2018 adjusted earnings guidance to range of $11 to $12 per share, but Wall Street expected the company to raise that forecast. The lower range of that forecast fell short of the $11.65 EPS estimated by analysts surveyed by Refinitiv.

"Manufacturing costs were higher due to increased material and freight costs. Material costs were higher primarily due to increases in steel prices and tariffs," the company said. "Freight costs were unfavorable primarily due to supply chain inefficiencies as the industry continues to respond to strong global demand."

but...but....but....trade wars are easy to win....no US companies or individuls are being negatively impacted!!

 

[black dog]

And what is the rationale behind this?

Caterpillar shares dive 9% after industrial giant says material costs are rising because of tariffs



but...but....but....trade wars are easy to win....no US companies or individuls are being negatively impacted!!

What's funny is Progress Rail ( Caterpillar ) has been expanding the locomotive production with new hires in Muncie, IN for well over a year now.

 

[GURPS]

but ... but .... but .... trade wars are easy to win .... no US companies or individuals are being negatively impacted!!

Anyone or Anything that does not conform to YOUR World View is Either Ignorant, Uneducated or Selfish .....

Every post you make is against anyone or any group that doesn't conform to your propagandist viewpoints.

 

[Gilligan]

but...but....but....trade wars are easy to win....!

Wake me up when it's over, kay?