Adam had a post up on Caterpillar’s earnings … Not a great outlook from one of the main global players
I like Caterpillar as a bellwether … but as Adam noted, their poorer than expected results ” It shows the negative effects of falling oil prices to the resource, construction and industrial side of the economy”.
Here’s a little more .. bolding is mine:
- Caterpillar cut its 2015 profit outlook
- Warned the plunge in oil prices would hurt its energy equipment business
- The world’s largest construction and mining equipment maker
- During the fourth quarter, Caterpillar’s energy business helped offset falling construction equipment sales and weakness in mining equipment orders due to lower copper, coal and iron ore prices
- Caterpillar said it expects only a modest improvement in the global economy in 2015
Still a ‘modest improvement in the global economy’ is still an improvement, right?
