Caterpillar reports 54% drop in quarterly earnings

Caterpillar Inc on Tuesday reported lower third-quarter earnings as equipment sales fell across all three primary segments. Caterpillar Chief Executive Jim Umpleby, however, said the company was witnessing “positive signs” in certain industries and geographies. Construction machine sales in Asia-Pacific, for example, were up 14% year-on-year in the latest quarter. …read more

Source:: Yahoo Finance