Caterpillar quarterly profit falls on tepid equipment demand-March 2024-www.financetom.com

Caterpillar quarterly profit falls on tepid equipment demand

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Caterpillar quarterly profit falls on tepid equipment demand

Jan 30, 2025 4:00 AM

Jan 30 (Reuters) - Caterpillar ( CAT ) reported a

decline in fourth-quarter profit on Thursday, as dealers scaled

back equipment restocking due to weak demand, driven by high

borrowing costs and persistent inflation.

Adjusted profit per share for the fourth-quarter fell to

$5.14, compared with $5.23, a year ago.

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