Caterpillar Sales Slide on Weak Industrial Demand
Caterpillar(CAT) Investopedia·2024-10-30 23:53
Key TakeawaysCaterpillar missed third-quarter earnings and revenue forecasts on a pullback in demand from the industrial sector.Sales of construction and resource industries declined, but they were up at its Energy & Transportation division.Caterpillar warned full-year sales and revenue will be "slightly lower" than its previous guidance. Caterpillar (CAT) shares declined Wednesday when the construction equipment manufacturer posted worse-than-expected results and warned about the future on a slowdown in in ...