Caterpillar reports lower than expected earnings on weaker Chinese sales
The heavy-equipment maker expects full-year earnings to be at the lower end of its earlier forecast
24 July 2019 - 18:41
Chicago — Caterpillar’s earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China and higher production and restructuring costs, pushing its shares down 4.3% in morning trade.
The heavy-equipment maker said its full-year earnings were expected to be at the lower end of its earlier forecast...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.