Caterpillar Inc , the world's largest construction and mining equipment maker, said on Thursday analysts' earnings expectations for 2017 were "too optimistic" as oil prices remained volatile.
Shares of Deere & Co jumped 11 percent to an all-time high on Wednesday after stronger pricing and cost cuts allowed the agricultural and construction machine manufacturer to beat quarterly earnings expectations.
MARRAKESH, Morocco/CHICAGO The prospect of an abrupt shift in U.S. climate policy under President-elect Donald Trump lifted the shares of U.S. mining equipment giant Caterpillar Inc , North American railroads and other companies tied to fossil fuels, and slammed shares of renewable energy firms.
The election of Republican Donald Trump as U.S. president put new pressure on automakers and other manufacturers that depend on open trade with Mexico.
Nov 9 The election of Donald Trump as U.S.
president puts new pressure on automakers and other
manufacturers that have become dependent on open trade with
Mexico, and raises the risk they will face higher costs.
Shares of Johnson Controls Inc rose more than 3 percent on Tuesday after the multi-industry U.S. manufacturer posted unexpectedly higher quarterly sales and earnings per share before special items.
Rockwell Automation Inc forecast its first full-year rise in sales in three years as stabilizing demand in industries including oil and gas helped the company report higher-than-expected quarterly profit and revenue.
Caterpillar Inc has had a slight increase in aftermarket equipment part sales and dealer quotes to rebuild large mining trucks in recent months, but not enough to call it a sales recovery, company executives said on Tuesday.
CHICAGO Whirlpool Corp reported a lower-than-expected quarterly profit on Tuesday and gave a disappointing outlook, citing soft demand, tough competition in the U.S. market and the post-Brexit weakness of the British pound, and its shares fell 12 percent.
(This October 18 story has been corrected to say 'soars' instead of 'soar' in headline)