By: Rob Wertheimer 

CAT shares reacted negatively to the earnings call commentary, one component of which was a comment that 1Q18 EPS, which was sharply better than expected, would be the largest EPS quarter of the year…the high water mark. That comment was picked up by the broader press without any specific understanding of the comments, and may have contributed to a fear about the duration of the industrial cycle.

CAT Report Here