Shares of Caterpillar ( CAT -4.04%) slumped a little over 5% Thursday morning and were still trading around 4.8% lower as of 12:30 p.m. ET.

Caterpillar delivered better-than-expected earnings per share but faced softer-than-anticipated revenue.

Adjusted operating profit margin for 2025 is anticipated to remain in the top half of the target range. ME&T free cash flow is projected to be in the upper half of the $5 billion to $10 billion range.

After a mixed Q4 earnings report, Caterpillar expects lower sales in 2025, contrary to analyst forecasts. CAT stock weighed on the Dow Jones early Thursday.

It makes sense that Big Machine Companies publicize autonomy achievements at CES. Winning employee and customer acceptance is ...