This post was originally published on this site
Shares of Caterpillar (NYSE:CAT) were down 3.3% before the bell.
Despite higher orders, the industrial bellwether is grappling with supply constraints, boosting costs and clipping its ability to ship units and replenish dealer inventories.
Caterpillar’s sales and revenue for the quarter through December rose 20% to $16.6 billion.
Adjusted profit for the quarter rose to $3.86 per share, missing analysts’ estimate of $4.02, according to Refinitiv IBES data.
