The future isn’t looking bright: Oil isn’t the only problem for Caterpillar. The company is expecting a particularly big hit in its mining equipment sales business as prices of metals like cooper also plummet.
The slowing global economy isn’t helping either. Caterpillar dropped its expectation for sales to China on the heels of the nation announcing its lowest economic activity levels in decades.
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Factset: FactSet Research Systems Inc. 2015. All rights reserved.
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