Caterpillar Lowers 2019 EPS Guidance as 3Q EPS, Revenue Miss Estimates

The transcript discusses corporate strategies for maintaining competitive cost structures, focusing on Caterpillar's production adjustments and cost management. It highlights global market trends, with a focus on regional performance, particularly in Asia Pacific and North America. The discussion also covers market reactions to Caterpillar's performance, including a significant drop in shares and expectations for future guidance cuts.

What strategy is Caterpillar employing to manage costs effectively?

• Expanding into new markets

• Raising product prices

• Reducing workforce and material costs

• Increasing production

Which region has shown the most resilience in Caterpillar's global performance?

• South America

• North America

• Europe

• Asia Pacific

How has the construction sector compared to the mining sector in terms of performance?

• Neither sector is affected by global slowdown

• Mining is holding up better than construction

• Both sectors are performing equally

• Construction is performing better than mining

What was the market's reaction to Caterpillar's recent performance announcement?

• Share prices fell by 10%

• Share prices fell by 6.5%

• Share prices remained stable

• Share prices increased by 6%

What is a major concern for investors regarding Caterpillar's future outlook?

• High employee turnover

• Over-reliance on the Asian market

• Excessive production increases

• Lack of color on 2020 projections