Earnings Results: Caterpillar’s stock dives as light sales outlook, backlog drop offset a big profit beat
Shares of Caterpillar Inc. sank Tuesday, as investors focused more on the construction and mining equipment maker’s “slightly light” sales outlook than the big third-quarter profit beat. The stock CAT, initially rose as much as 4.7% in the premarket after the results were reported before quickly…
#caterpillarinc #cat #dow #resourceindustries #caterpillar #dadavidson #michaelshlisky #tdcowens #mattelkott