Caterpillar Inc. Warns of Declining Sales in Second Quarter – What You Need to Know!
Peoria, Illinois: Caterpillar Inc. recent financial report revealed a decline in machinery sales compared to the previous year, with expectations for this trend to persist into the upcoming quarter. The heavy equipment manufacturer’s stock dropped significantly in New York after the earnings report indicated a projected decrease in second-quarter sales compared to the same period last year. While the company surpassed analysts’ estimates with adjusted profits, its construction and resource industries divisions experienced a decline …