Caterpillar Misses on Earnings and Lowers Guidance, Inches Ahead on Stock Repurchase

Caterpillar (NYSE: CAT ) has opened the week slightly up, despite missing first-quarter earnings estimates and lowering its guidance. The Peoria, Illinois-based firm's EPS declined 45 percent to $1.31, missing the Wall Street consensus of $1.40. Revenue declined 17.5 percent year-over-year to $13.21 billion, falling short of the $13.72 billion