Home on the range where the buffalo roam Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Boplicity who wrote (5549)	9/29/2000 5:57:54 PM
From: MulhollandDrive	Read Replies (1) of 13572

It's beginning to look more and more to me that Greenspan overshot with his last rate hike. "Severe competitive price pressures...."??? Caterpillar Warns Net Below Expectations PEORIA, Ill. (Reuters) - Caterpillar Inc. (CAT.N), the world's largest maker of construction and mining equipment, on Friday said it expects its third quarter profits to be about 15 percent below analysts' consensus estimate of 68 cents per share. However, the Peoria, Ill.-based company said its outlook for the full year remains unchanged, with sales and revenues expected to improve slightly over 1999 and profit expected to increase moderately. In 1999, Caterpillar reported sales and revenues of $19.7 billion and profit of $946 million or $2.63 per share. Caterpillar said a smaller-than-expected profit in the latest quarter stemmed from weakness in the euro and pound sterling, continued softness in the North American construction and global mining industries, significant and accelerating weakness in the market for truck engines and the impacts of high energy costs and continued severe competitive price pressures. Caterpillar said it is redoubling its efforts to aggressively reduce costs this year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next