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Caterpillar’s revenue tanks 31% in the fiscal second quarter

Credit: Invezz- Published 1 week ago
Caterpillar (NYSE: CAT) published its quarterly financial results on Friday that came in stronger than what the experts had forecast. The company said that its dealer inventories declined by £1.07 billion in the second quarter. Prioritised spending and cost reduction, however, helped offset the decline. Shares of the company...

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