estimates

Investing.com reports Caterpillar stock decline due to earnings and revenue falling short of estimates

by
Investing.com reports Caterpillar stock decline due to earnings and revenue falling short of estimates

Investing.com — Caterpillar Inc. reported third-quarter earnings and revenue that fell short of analyst expectations, sending shares down 5.3% in early trading on Wednesday. The heavy machinery manufacturer posted adjusted earnings per share of $5.17, missing the consensus estimate of $5.35. Revenue for the quarter came in at $16.1 billion, below the $16.37 billion analysts … Read more

Qantas raises domestic revenue estimates in Australia, reduces fuel cost forecast – Reuters

by
Qantas raises domestic revenue estimates in Australia, reduces fuel cost forecast – Reuters

Australian flag carrier Qantas Airways has raised its revenue expectations for its domestic operations in the first half of the financial year. The airline is now anticipating a 3% to 5% increase in revenue per available seat kilometre for its local business, up from the previously forecasted 2% to 4%. Additionally, Qantas expects domestic capacity … Read more