Joseph Richter

Business

Caterpillar Profit Tops Estimate as Cuts Stop Slide

Rebecca Cook/Reuters

Caterpillar Inc. reported better-than-expected earnings, as a drive to cut costs countered the impact of lower demand, and said the worst of the slump in mining-equipment sales may be passing. Company shares rose the most since February.

Joseph Richter | Bloomberg News
July 26, 2016