Caterpillar announced it would lay-off another 5000 people, on top of a previously-announced 15,000 job cut.
Caterpillar Inc. saw a 6% decrease in third quarter profits at $868 million, compared to $927 million in 2007. This comes despite the company achieving record sales worldwide. The main reasons for the decline were higher steel and freight charges.
01/26/2007 - 11/16/2006: CAT reaffirms previously stated profitable expectations for the upcoming fiscal year.
Caterpillar posts earnings growth of 15%. Shares drop, however, when the company announces a lower earnings forcast due to a slumping US housing market.
Caterpillar posts a 21% drop in profit due in large part to falling construction equipment sales
CAT announces dividend payment, stock plummets, and investors realize the money would be better spent to expand to meet current demand.