Caterpillar Shares Fall Most in 3 Months on Lower Sales Outlook
- Company provides downbeat outlook for sales and revenue
- Fourth quarter construction demand was higher-than-expected
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Caterpillar Inc. shares fell the most in three months after the heavy equipment maker warned that revenues will be “slightly lower” in 2025 with demand concerns weighing on its outlook.
The stock fell as much as 5.1% as of 9:31 a.m. in New York, its biggest intraday decline since the end of October.