Caterpillar stock dips on weak outlook

Caterpillar Inc. (CAT) reported a 63% jump in earnings for the third quarter as improved demand across the three primary segments, including a rise in dealer inventories, drove revenue higher. Despite the results exceeding analysts’ expectations, shares of the company dropped over 6% in the premarket session due to weak outlook. Total sales and revenues … Continue reading Caterpillar stock dips on weak outlook