U.S. Stocks in Motion | Machinery Giant Caterpillar (CAT.US) Opens More Than 10% Lower, Down Nearly 40% From June High

Zhito Finance APP has learned that on Thursday, Caterpillar (CAT.US) opened more than 10% lower. As of press time, the decline had narrowed to 8%, with the share price down 40% from its record high in June. On the news front, Caterpillar's third-quarter 2026 results, released before the U.S. market open, showed that driven by sales volume growth and price realization, quarterly sales and revenue were $20.68 billion, up 17% year over year; adjusted earnings per share were $7.20, above the market expectation of about $7.03 and compared with $4.95 in the same period last year; GAAP earnings per share were $7.13. Operating profit was $4.21 billion, up 38% year over year, with an operating margin of 20.4%; the adjusted operating margin was 20.6%, up 3.1 percentage points from the same period last year. Quarterly operating profit included $128 million in tariff refunds. However, the company forecast only "moderate" sales growth for the fourth quartereven though its largest division directly supplies power equipment for AI data centers, the forecast still disappointed investors.