Caterpillar net skids 52%, hurt by overseas markets

Article Abstract:

Caterpillar Inc. posted a 52% decline in its earnings for the first quarter of 1999. The fall in earnings was attributed to the drop in major markets overseas. Caterpillar posted $205 million in net income for the quarter. This represented less than half the figure that was posted during the same period in 1998. Caterpillar reported sales of $4.87 billion, a 1.7% improvement over the same period in 1998.

Comment:

Posts 52% decline in earnings for first quarter of 1999

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Caterpillar's net decline 37% on soft demand in key markets

Article Abstract:

Caterpillar Inc. posted a fall of 37% in net income for the second-quarter of 1999. The company was hurt in important markets by ongoing weakness in the demand for its heavy equipment. Caterpillar posted $283 million (277.5 million euros) in net income during the quarter. During the same period in 1998, the company posted $446 million. Caterpillar's sales also dropped by 9% to $5.10 billion.

Comment:

Posts fall of 37% in net income for second-quarter of 1999

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Newell shares slide on earnings warning

Article Abstract:

Newell Rubbermaid Inc. saw its share value drop by 20% after it warned that its earnings will be disappointing for the 1999 third-quarter. Newell expects to post between 43 cents and 47 cents per share in earnings for the period.

FABRICATED METAL PRODUCTS, Fabricated Metal Product Manufacturing, Metal products, Newell Rubbermaid Inc., NWL, Metal products industry, Metalworking industry

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