Caterpillar Profit Tops Estimate as Cuts Mute Slump; Shares RiseBy
Commodity prices ‘appear to have stabilized’ at low levels
‘Hopefully, this is the worst quarter we’ll see:’ DeWalt
Caterpillar Inc. reported better-than-expected earnings as a drive to cut costs countered the impact of lower demand, and said the worst of the slump in mining-equipment sales may be passing. Share rose the most since February.
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