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Caterpillar pushes through supply constraints in strong Q4
Read full article: Caterpillar pushes through supply constraints in strong Q4Caterpillarās sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.
Caterpillar 4Q sales slip, but results top Wall Street
Read full article: Caterpillar 4Q sales slip, but results top Wall StreetFILE - In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. The Deerfield, Illinois, company reported a profit Tuesday, Oct. 27, 2020, of $1.22 per share. Sales were $11.24 billion, down significantly from last year's $13.14 billion, yet far better than Wall Street projections of $11.18 billion, according to a survey of analysts by Zacks Investment Research. That is still well below the $1.1 billion, or $1.97 per share, that the company earned in the prior year. The Commerce Department reported Thursday that the U.S. economy shrank in 2020 by the largest amount in 74 years, and the Labor Department reported that 847,000 Americans applied for unemployment benefits last week.