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Caterpillar's Successful Quarter Signals Industrial Growth Across Multiple Markets
Industry Segment: Industrial Manufacturing | Word Count: 715 Words
SUGAR LAND--October 26, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--When analysts and other market-watchers want a quick look at the global economic picture, one of the first places they turn to is Caterpillar Incorporated (NYSE:CAT) (Peoria, Illinois). The heavy-machinery manufacturer has a hand in industries ranging from mining to oil and gas exploration to residential construction, and any movement in those markets--be it a ripple or a shockwave--will show up on Caterpillar's balance sheets. That's why the company's most recent quarterly earnings report spurred optimism on Wall Street, in Washington and as far away as Beijing.
Within this article: Details on how Caterpillar's turnaround indicated broad-based economic growth at home and abroad.
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