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Tag: Caterpillar profits
Business
Caterpillar first-quarter profits fall 45% due to inventory cuts, low mining demand
A steep decline in demand for mining equipment coupled with reductions in inventory are to blame for Caterpillar’s slumping first-quarter financial results, the company reports. The company reported a profit of $880 million in the first quarter of 2013, a 45-percent tumble from the $1.586 billion the company pulled in the first quarter of 2012. Sales […]
April 23, 2013
Workforce
Cat delivers record quarter per-share profit
Caterpillar says growth in mining, strong replacement demand for products in the United States and a continued focus on cost management helped it deliver record quarterly profit per share of $2.37 in the first quarter of 2012. This represents an increase of 29 percent from first-quarter 2011 profit per share. First-quarter 2012 sales and revenues […]
April 25, 2012
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