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Resurgent demand drives Caterpillar sales in third quarter
Read full article: Resurgent demand drives Caterpillar sales in third quarterConstruction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other heavy industry as the global economy emerges from the pandemic.
Caterpillar 4Q sales slip, but results top Wall Street
Read full article: Caterpillar 4Q sales slip, but results top Wall StreetFILE - In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. The Deerfield, Illinois, company reported a profit Tuesday, Oct. 27, 2020, of $1.22 per share. Sales were $11.24 billion, down significantly from last year's $13.14 billion, yet far better than Wall Street projections of $11.18 billion, according to a survey of analysts by Zacks Investment Research. That is still well below the $1.1 billion, or $1.97 per share, that the company earned in the prior year. The Commerce Department reported Thursday that the U.S. economy shrank in 2020 by the largest amount in 74 years, and the Labor Department reported that 847,000 Americans applied for unemployment benefits last week.