Caterpillar Inc. sees 10% sales drop in Q1 earnings report

Caterpillar Inc. sees 10% sales drop in Q1 earnings report

PEORIA, Ill. (WMBD) -- In the company's first quarter earnings report, Caterpillar, Inc. reported it lost more than $1 billion due to fewer sales. And it appears that could be due to declining demand for its equipment. Released on their website, the company released that sales and revenues for the first quarter of this year was a 10% drop from the first quarter of last year. In the first quarter, Caterpillar’s revenue dropped to $14.25 billion f…

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Caterpillar Q1 revenues, earnings down

US engine builder reports lower numbers across the board