Caterpillar Inc. (CAT) reported fourth quarter adjusted EPS of $1.35 Tuesday morning, which fell short of the consensus estimate of $1.55. Full year 2015 adjusted EPS is expected to be $4.75, which is below the consensus estimate of $6.67.
Caterpillar gapped open sharply lower Tuesday and slipped further in early trade, before settling into a range. The stock finished with a loss of 6.18 at $79.85 on the highest volume of the year. Caterpillar has been losing ground for the past 2 months and sank to a new low for the year.
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