first-quarter results

Peoria Public Radio News
8:56 am
Mon April 22, 2013

Caterpillar reports drop in sales and profit for first quarter

Caterpillar is reporting declines in sales and profit for the first quarter of this year. The company says it earned 880-million dollars. That’s a 45-percent decrease from the first quarter of last year. Cat also saw a 17-percent drop in sales and revenues. The declines don’t come as a surprise to the company as Caterpillar officials predicted challenges in its year-end 2012 financial release. That’s as demand for mining equipment has slowed.

Read more