From Name

From Email

To Name

To Email

Message

Caterpillar posts weaker earnings as pandemic buries sales

from TheStreet

Caterpillar posts weaker earnings as pandemic buries sales TheStreet Heavy equipment maker Caterpillar (CAT) - Get Report posted earnings well below year-ago levels as the coronavirus pandemic and lack of demand for new construction equipment hit sales. The earnings, however, handily beat Wall Street estimates. The Deerfield, Illinois-based company said it earned $1.03 an adjusted share, vs. $2.83 an adjusted share in the same period a year ago. Analysts polled by FactSet had been expecting per-share earnings of 64 cents. READ MORE

more