DEERFIELD, Ill | Caterpillar swings to 4Q profit, but still falls short

DEERFIELD, Ill | Caterpillar swings to 4Q profit, but still falls short

DEERFIELD, Ill. —January 28, 2019—  Caterpillar returned to profitability in the fourth quarter, but sales have begun to slow in China and earnings failed to measure up to expectations on Wall Street.

Shares tumbled 6 percent before the opening bell, weighing heavily on the Dow Jones industrial average.

It’s a meager start to what will be a very active week of corporate earnings, including other industrial companies that have put a lot of stake in China, where the economic growth rate has slowed to levels not seen in almost two decades.

Continue reading DEERFIELD, Ill | Caterpillar swings to 4Q profit, but still falls short at STL.News.