Caterpillar Falls Amid News Of Sales Decline

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Shares of Caterpillar Inc. CAT fell over 2 percent Thursday morning following news that for the three month rolling period ending in January, retail machine sales were down 14 percent globally compared to the prior year period.

The Latin America region posted the largest move with a 36 percent decline. Asia turned in the second worst performance with a 19 percent decline.

The news follows Caterpillar’s downbeat Q4 earnings report in January.

Caterpillar Inc. recently traded at $82.77, down 2.39 percent.

Deere & Company DE also fell amid the news and recently traded at $91.78, down 1.05 percent.

Other names to watch in the space were mixed. Komatsu Ltd (ADR) KMTUY was down 0.10 percent Thursday to $20.74. Cummins Inc. CMI traded higher at $140.53, up 0.27 percent.

CNH Industrial NV CNHI was also higher and recently traded at $8.62, up 0.82 percent.

Posted In: News
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