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(CNBC)   Doom-y headline: Caterpillar reports a 54% drop in sales in Q3. Reality article: still beats earnings estimates by over 10%   (cnbc.com) divider line
    More: Followup  
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177 clicks; posted to Business » on 27 Oct 2020 at 10:13 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



7 Comments     (+0 »)
 
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2020-10-27 9:20:23 PM  
"Caterpillar shares trading lower following third quarter earnings miss amid press reports that Alicia Silverstone is still alive and her son's name is Bear."
 
2020-10-27 10:24:50 PM  
So it's OK then.

Phew.

Had me worried with that 50% drop in sales.  Thought there might be an issue with the economy. Glad to hear it is nothing.
 
2020-10-28 12:29:10 AM  
"We were able to liquidate a number of high-wage employees in the process. Don't worry, stonks are the whole economy."
 
2020-10-28 1:46:54 AM  
Sales of new equipment might be down, but I bet a lot of that was reduced service calls.  If job sites sit idle, grunts aren't breaking things.
 
2020-10-28 6:54:37 AM  
So, the good news is that it was expected to be worse?  Phew, that's a load off my mind.
 
2020-10-28 7:52:16 AM  
This is subby's first experience with an earnings call.
 
2020-10-28 3:28:22 PM  
So, buy stock now, knowing it will go back up eventually?
 
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