Caterpillar: second-quarter earnings fall 70%
(CercleFinance.com) - Caterpillar's second-quarter earnings plunged 70%, with the heavy-machinery maker saying that it was still unable to provide a financial outlook for 2020.
The world's largest construction- and mining-equipment maker said that second-quarter earnings per share (EPS) was 0.84 dollar, compared with EPS of 2.83 dollars one year earlier.
Total revenues fell 30% to 10 billion dollars.
The Deerfield, Illinois, company - which withdrew its earnings guidance in March - said that it is not providing a financial outlook for 2020, citing the continued global economic uncertainty surrounding the Covid-19 pandemic.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The world's largest construction- and mining-equipment maker said that second-quarter earnings per share (EPS) was 0.84 dollar, compared with EPS of 2.83 dollars one year earlier.
Total revenues fell 30% to 10 billion dollars.
The Deerfield, Illinois, company - which withdrew its earnings guidance in March - said that it is not providing a financial outlook for 2020, citing the continued global economic uncertainty surrounding the Covid-19 pandemic.
Copyright (c) 2020 CercleFinance.com. All rights reserved.