Post by @plenipotentprotogod@lemmy.world

2026-10-30 02:21 UTC

I know the article is about google, but the bit about caterpillar is insane. The bleeding even spread beyond the tech sector, as shares of the construction equipment giant Caterpillar — a key supplier of the machines required to build data centers — plunged 9.2% on Thursday. Caterpillar’s recent earnings report revealed that its revenue beat Wall Street expectations but by less than many traders had hoped. So, their earnings beat expectations, but they didn’t beat the expectations for how much they’d beat expectations, so the share price went down. What is even going on at this point?

Replies (4)

@psx_crab@lemmy.zip 2026-10-30 03:26

Welcome to stock market, where the stock price is based on expectation instead of how well the company actually doing. There could be profit but if the profit is slightly less than last quarter, the day traders all gonna throw their baby tantrum.

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@ArmoredThirteen@lemmy.zip 2026-10-30 03:37

Company I worked at a couple years back not only beat their projected earnings, but made record profits highest quarter ever. Stock prices dropped by a third

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@Pyr_Pressure@lemmy.ca 2026-10-30 04:05

Yet Tesla can do absolutely fucking nothing and then do a Nazi salute and shares go up 50%

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@kippininreal@lemmy.zip 2026-10-30 02:37

They are making less off of AI overviews than traditional ads, but their AI buildout costs are increasing, which is ass backwards. I don’t know if it was in their report but they also supposedly don’t have a strategy for making their customers pay for AI use.

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