Friday, 20 July 2007

UPDATE 1-Caterpillar net drops, calls results disappointing

(Reuters) - The results, which the company called disappointing, sent
Caterpillar shares down 5.3 percent in premarket electronic
trading and weighed on the whole market.




Caterpillar said its second-quarter net profit fell 21
percent to $823 million, or $1.24 a share, from $1.05 billion,
or $1.52 a share, a year earlier.


Read more at Reuters.com Market News

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