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Jim Cramer: What Caterpillar's Earnings Say About the World Economy

Real Money stock of the day Caterpillar reported earnings before the bell. Caterpillar said earnings for the three months ending in September came in at $2.66 per share, missing analyst forecast of $2.90 per share. Group revenues were also disappointing, with the company pegging them at $12.8 billion, missing analysts' estimates of $13.5 billion. Caterpillar said it will cut its full-year profit target to between $10.90 and $11.40 per share, compared to a prior range of $12.06 to $13.06 per share, adding the new range assumes "modestly lower sales" for 2019 when compared to last year. Watch the full video for more. More from Cramer Today Full Replay: Jim Cramer on Boeing, Caterpillar, Nike, Under Armour, and ServiceNow Jim Cramer: How Boeing and Caterpillar Became Market Teflon Jim Cramer: Why Texas Instruments Isn't the Bellwether the Market Wants It to Be Jim Cramer Breaks Down the Biggest Impacts of the CEO Shuffle Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

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