Caterpillar quarterly profit falls on tepid equipment demand
ReutersJan 30, 2025 11:32 AM
Jan 30 (Reuters) - Caterpillar CAT.N reported a decline in fourth-quarter profit on Thursday, as dealers scaled back equipment restocking due to weak demand, driven by high borrowing costs and persistent inflation.
Adjusted profit per share for the fourth-quarter fell to $5.14, compared with $5.23, a year ago.
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