Caterpillar Inc.’s (CAT – Free Report) fourth-quarter 2016 adjusted earnings of 83 cents per share beat the Zacks Consensus Estimate of 65 cents but remained flat year over year. The results continue to reflect low-end user demand across many of the company’s businesses due to economic weakness throughout the world. The company’s shares dipped 1.13% in pre-market trading, following the release.

Including one-time items such as non-cash charges and higher-than-expected restructuring costs, Caterpillar reported a loss per share of $2.00 in the fourth quarter compared with a loss per share of 16 cents in the prior-year quarter.

In the past one year, the Caterpillar stock has outperformed the Zacks Categorized Machinery – Construction/Mining industry. The company has delivered a return of 65.9%, while the industry gained 63%.
 

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