Caterpillar profits up, says demand offsets tariffs hit

Caterpillar profits up, says demand offsets tariffs hitCaterpillar reported a jump in third-quarter earnings behind robust industrial demand and lower taxes on Tuesday and said strong economic conditions would more than offset the hit from tariffs. Sales rose in all three businesses of Caterpillar, which manufactures industrial equipment for the construction, resources and energy and transportation industries. Executives gave an upbeat appraisal of conditions in China, where the company derives about five to 10 percent of annual company sales.



Yahoo News – Latest News & Headlines