Caterpillar (CAT) Global Machine Sales Up 6% in Sept,; Power Systems Down 1%
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Caterpillar (CAT) Slips as Macro Issues, China Pressure Q3 Results and Expectations
October 22, 2012 8:58 AM EDTCaterpillar (NYSE: CAT) is lower in early trading following decent third-quarter results, but guidance that failed to boost investor confidence.
Sales and revs at the industrial machinery giant popped 5 percent from last year to $16.45 billion. Gross profit was $1.699 billion, or $2.54 per share, up 49 percent from the same period last year. Excluding a pretax gain of $273 million related to the sale of a majority interest in Caterpillar's third party... More
