Earnings drop for Caterpillar in the third-quarter

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Caterpillar earnings dropped almost 50 percent for their third-quarter earnings.

CAT officials say, third-quarter earnings fell 44 percent. The company cut its 2013 forecast again. due to weaker mining equipment sales.

CAT earned 946 million in the quarter ending September 30th, down from 1.7 billion in the third-quarter last year. The company had lowered its earnings and revenue expectations in July when it reported second-quarter results.

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