'Economic weakness' affects Caterpillar results

Joe Malone

27 January 2017

Jim Umpleby, CEO, Caterpillar

US equipment manufacturer Caterpillar has recorded revenues of US$38.5 billion (€36.05 million) for 2016 – an 18% decrease year-on-year.

The company also saw a fourth quarter decrease to its revenues, down 12.7% to US$9.6 million (€8.99 million).

Caterpillar said its fourth quarter results included three large…

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