Caterpillar drops after company cuts guidance, citing tariffs and lower demand in China

plunged after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit.

The heavy machinery manufacturer also lowered full-year earnings guidance to be at the lower end of previous range of $12.06 to $13.06, short of the estimate of $12.24 per share.The worse-than-expected results are partially due to the increase in manufacturing costs, which came from "higher material costs, including tariffs, variable labor and burden and warranty expense," the company said.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Caterpillar tanks after company cuts guidance, citing tariffs and lower demand in ChinaShares of Caterpillar dropped after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit, SquawkCNBC reports.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Trade talks keep stocks afloat, weak PMIs sink euroGlobal shares crept higher on Wednesday as prospects of fresh China-U.S. trade t... Don't tell me they're 90% done?! This bubble can last only so long. My guess it popsjust before the election next year.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »