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Caterpillar Predicts Earnings Miss For Q1 (CAT.N)

Caterpillar Inc. reported that it expects its first-quarter results to fall below Wall Street expectations. Caterpillar has predicted that its sales for the first quarter of 2016, ended March 31, will come in at $9.3 billion to $9.4 billion. Analysts expected first quarter sales closer to $10.3 billion. Caterpillar said profit for the quarter would be 50 to 55 cents per share, or 65 to 70 cents per share excluding restructuring costs. Analysts predicted profit of 97 cents per share, excluding restructuring. Caterpillar’s mining product sales... 
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