NEW YORK: Heavy equipment maker Caterpillar Inc yesterday said its earnings had again fallen sharply in the third quarter as the company grappled with the collapse in commodity prices.
The company reported sales and revenues of $9.16bn for the quarter, down 16 percent from the same quarter last year. Analysts had forecast revenues of $9.88bn. The company had also recorded a 16 percent drop in revenue in the second quarter.
