The global manufacturer of heavy equipment has published its reports for the first three months of this year. The retail sales volume has fallen by 12%. This indicator has been declining for 41 months in a row, and has had a negative effect on the company's revenues. Earlier Caterpillar took drastic measures to cut costs, but the company's management still expects the revenue to fall by 10%.
The negative results have impacted the Caterpillar shares, which have dropped by 1.64% and continue to decline. Do not miss this good chance to earn money on the asset’s further fall. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.