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Why Caterpillar Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Benzinga · Apr 25 13:57

ACON +3.29% AIRE -3.85% ATNI +2.81% AZN +0.73% AZZ +1.08%

Shares ofCaterpillar Inc. (NYSE:CAT) fell sharply during Thursday's session after the company reported better-than-expected first-quarter EPS but missed revenue estimates.

Caterpillar reported a first-quarter fiscal 2024 revenue of $15.8 billion, a slight decrease of 0.4% year-over-year, missing the consensus of $16.216 billion. CAT's adjusted earnings of $5.60 per share, compared to $4.91 a year ago, topped the consensus of $5.14, according to data from Benzinga Pro.

Caterpillar shares dipped 6.6% to $339.37 on Thursday.

Here are some other stocks moving in today's mid-day session.

Gainers

Barfresh Food Group, Inc. (NASDAQ:BRFH) surged 87.2% to $2.05.
Safe & Green Holdings Corp...

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