Caterpillar Cuts First Quarter Earnings Projection


PEORIA -  Caterpillar expects quarterly adjusted earnings of 65 cents to 70 cents a share, sharply lower than Wall Street expectations of 97 cents a share. The World's largest construction and mining equipment maker says it remains comfortable with its prior full year forecast for earnings. Caterpillar still expects a profit of $3.50 per share and revenue between $40 billion and $44 billion. Wall Street is looking for a profit of $3.73 per share on revenue of $41.09 billion. Caterpillar Stock closed the trading day Thursday up 1.56 to $75.90 per share.

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