Business & Finance
Caterpillar reports lower fourth-quarter earnings
- The heavy equipment maker reported an adjusted profit of $2.12 per share versus $2.71 per share a year earlier. Analysts surveyed by Refinitiv on average expected earnings of $1.49 per share.
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CHICAGO: Caterpillar Inc on Friday reported lower fourth-quarter earnings, hurt by weak equipment demand amid lingering economic uncertainty caused by the coronavirus pandemic.
The heavy equipment maker reported an adjusted profit of $2.12 per share versus $2.71 per share a year earlier. Analysts surveyed by Refinitiv on average expected earnings of $1.49 per share.