Caterpillar Offers Little Insight Into Global Recovery
- CFO says China stimulus boosting demand in Asian nation
- Company sees ‘positive signs’ in some industries and areas
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Caterpillar Inc. failed to reassure investors that a recovery from the coronavirus pandemic is gaining momentum.
On a conference call Tuesday, Chief Executive Officer Jim Umpleby said he wouldn’t be giving 2021 guidance. The company reported third-quarter profit that topped analysts’ estimates, helped by lower-than-expected taxes.