embed embed share link link comment comment
" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344">
Embed This Video close
Share This Video close
bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark
embed test
Rate This Video embed
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
Tags For This Video tags
rate rate tags tags related related lights lights

Caterpillar Cuts 2015 Profit Forecast

Caterpillar (NYSE:CAT) lowered its profit forecast for 2015 to $12 to $18 per share, from $15 to $20 per share previously. The construction equipment maker also lowered its revenue projection to between $80 billion and $100 billion.

The company said the reason for the cut in forecast was due to the slower-than-expected growth in the global economy. For the current year, the company says it sees revenue to come in about $2 billion below its previously projected range of $68 billion to $70 billion.

Caterpillar’s stock not fairing well so far in today’s trading. Shares of the company are down 2 percent to $88.83.