Caterpillar's Earnings Preview: Revenue And Profits Could Decline On Poor Mining And Construction Sales

In the third quarter, we expect to see a decline in Caterpillar’s revenue driven by continued weakness in the Resource Industries segment accompanied with poor Construction Industries sales. Engine and Transportation segment sales will likely get offset by a decline in its mining and construction machinery sales. The company?s third quarter profits will likely decline despite its cost reduction activities.
Source: Markets