$CAT · Schwab Network · 2026-10-29
Caterpillar 业绩超出预期（每股收益 7.20 美元，预期 7.08 美元；营收 206.8 亿美元），但仅维持指引而未上调，建筑业务销售额不及预期，积压订单新增速度放缓，关税成本仍接近 22 亿美元——因此股价下跌 10%，良好的业绩对华尔街来说还不够。
逐段跳播
另一个大名字是 Caterpillar。这只股票今早呈下跌趋势。是的，Caterpillar 再次缩水。这些股票下跌了 10%，加剧了我们最近在这只股票上看到的疲软，该股今年迄今一直表现优异。但今早我们看到了一些负面迹象。
another big name is Caterpillar . This stock is trending downwards this morning. Yes, Caterpillar is shrinking again. These shares are down 10%, adding to the weakness we have recently seen in this stock, which has been outperforming so far this year.
But we are seeing some negative signs this morning.
他们实际上成功超出了预期。每股收益达到 7.20 美元，而市场预期为 7.08 美元。营收达到 206.8 亿美元，也超出了预期。然而，建筑部门的销售额未达预期。他们还维持了全年销售预测。
因此，这不是一个他们取得超出预期业绩并上调指引的季度。这是一个超出预期但保持相同轨迹的季度。
They actually managed to exceed expectations. Earnings reached $7.20 per share, compared to the $7.08 that the market had expected. Revenues reached $20.68 billion , which also exceeded expectations.
However, sales in the construction sector fell short of expectations. They also maintained their forecast for annual sales. Therefore , this was not a quarter in which they achieved results that exceeded expectations with the guidance being raised.
This was a quarter that exceeded expectations while maintaining the same trajectory.
能源部门的营收增长了 17%，与人工智能的关系依然存在。能源部门的销售额增长了约 18%。这实际上超出了预期。更高的销量和更强的价格支撑了这一增长。但再次强调，这是那种“好”对今天的华尔街来说还不够的故事之一。
Revenues rose by 17% in the energy sector, and the relationship with artificial intelligence remains. Sales in the energy sector rose by approximately 18%. This actually exceeded expectations.
Higher sales volumes and stronger prices supported this growth. But again, it is one of those stories where “ good” is not enough for Wall Street today.
建筑部门的销售额增长了 18%。但再次强调，它未达预期。所以，销售额大幅增长，但仍低于华尔街此处的期望。这迅速凸显了传统设备的工作无法跟上其自身能源业务的工作。
Sales in the construction sector increased by 18%. But again, it fell short of expectations. So, sales have grown sharply, but they are still below what Wall Street is hoping for here.
This quickly highlights the work of traditional equipment that cannot keep up with its own energy work.
至于预期和订单，他们实际上实现了创纪录的积压工作量。积压订单达到创纪录的 781 亿美元，高于上一季度。但新增速度实际上已经放缓。所以，再次强调，这是一个放缓的故事。他们将年度关税成本预测维持在约 22 亿美元。
他们还谈到了这里的一些关税退款。但展望未来以及投资者如何看待这只股票，“好”是不够的，Nicole。
As for expectations and orders, they actually achieved a record number of backlogs of work. The backlog of orders hit a record high of $78.1 billion, up from the previous quarter.
But the pace of additions has actually slowed down. So , once again, it's a story of slowdown here. They have kept their forecast for annual tariff costs at around $2.2 billion.
They also talked about some customs duty refunds here. But looking ahead and how investors view this stock, " good" is not enough, Nicole.
这个频道对 $CAT 的历次判断
Schwab Network 在这只股票上共 5 条判断，这里只列相邻的几条。