Reported 2 days ago
Caterpillar announced that tariffs could raise its second-quarter costs by up to $350 million, following a sales decline in Q1 driven by reduced equipment demand. The company's revenue fell to $14.25 billion, missing analysts' expectations, while profits also dropped compared to the previous year. Despite uncertainties surrounding tariffs and the trade war, Caterpillar anticipates that its sales for the second quarter will resemble those of the previous year.
Source: YAHOO