Caterpillar fails to give assurance on pace of recovery
Adjusted profit for the three months to end-September was $1.34 a share, down from $2.66 in the same period a year earlier
27 October 2020 - 16:47
New York — Caterpillar said on Tuesday that it sees “positive signs in certain industries and geographies” while failing to give reassurance that the worst of the hit from the coronavirus pandemic is behind the heavy-equipment maker.
The company reported third-quarter profit that topped analysts’ estimates, helped by lower-than-expected taxes. Caterpillar said it will discuss the outlook on its earnings call, according to a statement on Tuesday...
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