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Earnings Report-CAT

Earnings Report-CAT

Cooling energy sector pings Caterpillar


The Associated Press - July 24, 2019

DEERFIELD, Ill. - Caterpillar is posting weak profits and revenue for the second quarter as the energy sector cools.

The construction equipment company on Wednesday reported earnings of $1.62 billion, or $2.83 per share. That's well short of the $3.12 Wall Street was looking for, according to Zacks Investment Research.

Revenue was $14.43 billion, just shy of analyst projections.

Caterpillar expects full-year earnings in the range of $11.75 to $12.75 per share.

Shares of Caterpillar Inc., based in Deerfield, Illinois, tumbled 5% before the opening bell.



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