Caterpillar's Earnings Preview: Revenue And Profits Could Decline On Poor Mining And Construction Sales — forbes.com

Caterpillar will announce its second quarter earnings Thursday, October 23. The maker of mining and construction machinery is coming off a good second quarter in which despite a decline in revenue, its profits rose on gains from cost reduction activities. In the third quarter, we expect to see a decline in Caterpillar’s revenue driven by continued weakness in the Resource Industries segment accompanied with poor Construction Industries sales. Engine and Transportation segment sales will likely get offset by a decline in its mining and construction machinery sales. The company’s third quarter profits will likely decline despite its cost reduction activities.

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