Caterpillar Cuts 2015 Outlook as Mining Spending Falls

http://www.bloomberg.com/news/2012-09-24/caterpillar-cuts-2015-outlook-as-mining-spending-falls.html

Caterpillar Inc. (CAT), the world’s biggest construction and mining equipment maker, cut its forecast for 2015 earnings after commodity producers reduced capital expenditure. 

Profit will be $12 to $18 a share and sales will be $80 billion to $100 billion, the Peoria, Illinois-based company said today in a statement. The company said most recently on Sept. 6 that it was aiming for earnings of $15 to $20 in three years.