Cat Revises Q1 Sales Estimate

March 17, 2016

Caterpillar warned today that due to the continuing commodity price slump and falling demand for its construction and mining equipment, it is cutting its first-quarter sales estimate about $1 billion.

In earlier earnings and revenue guidance, Cat predicted $10.4 billion for Q1. Cat said it now expects sales to be between $9.3 and $9.4 billion for the first quarter.

The company still supports its original full-year 2016 sales of up to $44 billion.

Source:seekingalpha.com

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