Caterpillar Reports Better Than Expected 2nd Quarter

On Tuesday, Caterpillar reported in Q2 2016 results.  The company announced profit per share of 93 cents for the recent quarter, a decrease from this time later year.  Caterpillar also announced sales and revenue dropped to $10.3 billion, a 16% year-over-year decrease.  Despite the drop, those sales and revenue figures were better than expected.

Company officials say world economic growth remains subdued and is not sufficient to drive improvements in most of the industries and the markets Caterpillar serves.

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