- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Caterpillar Inc. (NYSE:CAT): Current price $96.83
The company said, “We are expecting that sales and revenues during the first quarter are likely to be significantly lower than the first quarter of 2012. The middle of our full-year outlook for sales and revenues is about $2 billion below 2012 sales and revenues. We expect that sales and revenues will decline more than $2 billion in the first quarter of 2013, as compared with the first quarter of 2012. Much of the expected decline in first quarter sales is a result of the continuation of reduced production as dealers are expected to continue to lower their new machine inventories. We expect that dealer inventory reductions will be negative to sales in the first quarter of 2013, while in the first quarter of 2012, dealers increased inventory which benefited Caterpillar Inc.’s sales.” Profit is also expected to be significantly lower in the first quarter of 2013 as a result of lower expected sales, the negative cost impact of continuing low production levels, and declining inventory.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.