Friday, March 19, 2010

Caterpillar (NYSE:CAT) Global Sales Down 20 Percent

Caterpillar Global Sales Down

Caterpillar gave an early warning on Thursday that global sales for the last three months will be down on an annual basis by 20 percent.

The market seems to have largely shrugged this off, although I'm not sure how much the news had spread yet.

Its news on turbine engines and reciprocating engines was even worse, will sales plunging by 33 percent for the three-month period ending February 10.

Caterpillar was hit especially hard in the Latin America and Asian markets, which had been more reliable, while continued weakness in North America, Europe, the Middle East and Africa continue.

Caterpillar Global Sales Down

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