Society of Manufacturing Engineers: Caterpillar Profit Rises Despite Lower Revenue
February 01, 2020
February 01, 2020
DEARBORN, Michigan, Feb. 1 -- The Society of Manufacturing Engineers issued the following news release:
Caterpillar Inc. reported higher fourth-quarter profit as expense controls made up for lower revenue.
The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of "continued global economic uncertainty" in 2020.
Caterpillar's quarterly profit totaled almost $1.1 billion, or $1.97 a share. That was up from $1.05 . . .
Caterpillar Inc. reported higher fourth-quarter profit as expense controls made up for lower revenue.
The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of "continued global economic uncertainty" in 2020.
Caterpillar's quarterly profit totaled almost $1.1 billion, or $1.97 a share. That was up from $1.05 . . .