(Bloomberg) -- Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from a year earlier and warned that the trend is expected to continue in its second quarter.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a
Caterpillar Falls As Shrinking Backlog Stokes Demand Worry menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
CaterpillarInc. s stock tumbled to the lowest level since early June after the company said its order backlog shrank in the third quarter, a sign the...
(Bloomberg) -- Caterpillar Inc. shook off concerns of a global slowdown in economic activity, posting profit that exceeded Wall Street’s expectations amid resilient demand for the company’s iconic yellow machinery across all its major business segments.Most Read from BloombergUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationAsia’s Richest Families Fuel Race for Lucrative Finance JobsMyanmar Junta Pardons Aung San Suu Kyi
Caterpillar (CAT) Says China Demand Slowdown Even Worse Than Thought bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Caterpillar Says China Demand Slowdown Even Worse Than Thought bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) -- Caterpillar Inc. reported third-quarter earnings that beat analysts’ expectations as demand for heavy machinery across the construction and mining sectors outweighed concerns of ongoing supply-chain hangups.
Caterpillar CEO says worker shortage adds to supply-chain snags chicagobusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagobusiness.com Daily Mail and Mail on Sunday newspapers.
Caterpillar profit tops estimates; sees strengthening in sales Joe Deaux, Bloomberg News Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Caterpillar is scheduled to release earnings figures on January 31. Photographer: Luke Sharrett/Bloomberg , Bloomberg Security Not Found Caterpillar Inc. fourth-quarter earnings beat analystsâ expectations as reopening economies stoked demand for its signature yellow machines. The company said it expects stronger year-over-year sales this quarter, led by construction industries. The worldâs biggest maker of mining and construction equipment posted adjusted fourth-quarter earnings of US$2.12 a share, according to a statement Friday. That compares with the US$1.45 average of analystsâ estimates compiled Bloomberg. Sales also topped expectations, while still falling below a year earlier.
Caterpillar Sees Housing Boom Leading 2021 Sales Recovery Bloomberg 1/29/2021 Joe Deaux (Bloomberg) -- Caterpillar Inc. fourth-quarter earnings beat analysts’ expectations as reopening economies stoked demand for its signature yellow machines. The company said it expects stronger year-over-year sales this quarter, led by construction industries. Popular Searches The world’s biggest maker of mining and construction equipment posted adjusted fourth-quarter earnings of $2.12 a share, according to a statement Friday. That compares with the $1.45 average of analysts’ estimates compiled Bloomberg. Sales also topped expectations, while still falling below a year earlier. Caterpillar’s stock is coming off its best quarter in three years in a bet on improving demand for machinery used in construction and infrastructure as economies recover from the coronavirus. A broad rebound in commodity markets may mean the return of customers in the metals and oil-exploration businesses after pandemic shutdowns crushed orders.