23.07.2015 - Sales of Caterpillar has fallen by 13%
Caterpillar has published a report according to which the company's sales in the second quarter fell by 13% due to lower demand for equipment that is used in the exploration and production of oil and gas. It is worth noting that the company is the world's largest manufacturer of equipment for the mining and construction sectors. As a result, the company's profit fell to 710 million dollars against 999 million dollars during the same period of the last year. Sales fell to 12.32 billion against 14.15 billion. We expect a negative trend of stock prices of companies in the near future, but at the end of this year and the beginning of the next one, the investors' interest in the company is likely to grow and we expect the growth of quotations by 20-22% per annum.