Tuesday, July 26, 2016

Caterpillar Q2 Profit Down, Lowers 2016 Outlook; Plans To Cut More Jobs

Caterpillar Inc. (CAT) reported a profit for the second-quarter that declined about 31 percent from the previous year, while total sales and revenues declined 16 percent. The company cut its outlook for fiscal year 2016. It also warned that more layoffs are expected in the second half.

from RTT - Earnings http://ift.tt/2ahGKvz
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