Goldman Sachs analyst Jerry Revich believes Caterpillar's mixed Q4 results may signal a cyclical trough, with potential for multiple expansion.

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

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.

Caterpillar drops 5% after beating Q4 earnings but reporting flat or lower sales,with investors concerned about high dealer ...