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
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 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
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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