Caterpillar Inc on Friday reported lower second-quarter earnings as a crippling recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping equipment sales.
FILE PHOTO: A row of excavators are seen at the Caterpillar booth at the CONEXPO-CON/AGG convention at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. March 9, 2017. REUTERS/David Becker/File PhotoCHICAGO: Caterpillar Inc on Friday reported lower second-quarter earnings as a crippling recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping equipment sales.
In the second quarter, the heavy equipment maker reported a profit of 84 cents per share, down 70.3per cent year on year.
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