Caterpillar sees global sales decline 13% in 3 months

03/20/2013 | Crain's Chicago Business · Reuters

Caterpillar's global sales of heavy equipment decreased 13% in the three months through February. The company cites weakness in Asian-Pacific sales and says 2013 profit could decline unless the global economy picks up. Customers are more inclined to rent heavy machinery than purchase it during uncertain times, says Lawrence De Maria, an analyst at William Blair.

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Crain's Chicago Business · Reuters

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