Caterpillar could see first-quarter profit slip due to overseas slump

04/8/2013 | Bloomberg

Caterpillar could be among companies that see a decline in first-quarter profit due to a weak overseas economy, according to this article. Cat is grappling with decreasing orders in China, an economic downturn in parts of Europe and delayed discussions on the budget in the U.S. The company could post a 40% drop in first-quarter earnings per share, coming in at $1.42, according to analysts' projections.

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