|
|
|
National & World Ag News Headlines |
|
Caterpillar Releases Lower Earnings Report
USAgNet - 07/28/2016
Caterpillar released its seconded quarter earnings Tuesday in the midst of another tough year for the company.
The equipment makers numbers are down for the quarter compared to 2015, according to Company Spokesperson Rachel Potts.
"We are a cyclical business. We have downturns, we have upturns. We are currently in our longest downturn expected to be our longest downturn," Potts said. "This would be our fourth year of downed sales and revenues for the company and that's never
happened to us before."
The company blames the second quarter numbers on restructuring costs and layoffs.
|
|
|
|
Copyright © 2024 - Farms.com. All Rights Reserved. |
|
|