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Caterpillar Earnings Beat Expectations. Why Its Stock Is Dropping. – Barron’s

The machinery company reported better than expected sales and profits. Shares are dropping anyway.

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Caterpillar
stock is slipping after the machinery manufacturer reported robust sales and earnings Friday morning. Unfortunately, inflation is rearing its ugly head. Caterpillar (CAT) reported a profit of $2.60, beating estimates for $2.41, on sales of…

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