Caterpillar Slumps After Missing Earnings as China Demand Slows

(Bloomberg) -- Caterpillar Inc. shares fell after it reported fourth-quarter sales and earnings that missed estimates on lower demand in China.

The company also issued a 2019 profit forecast range which, at the low end, was below the average of analysts’ expectations.

Key Insights

Market Reaction

• The report was released before regular trading in New York. Caterpillar fell more than 5 percent to $129 at 7:46 a.m.

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