Caterpillar Reports Lower First Quarter Results


Caterpillar reports its first quarter 2013 results Monday and they were much lower than a year ago. Caterpillar's sales and revenues were 13.2 billion dollars, down more than two billion dollars from this time last year. Profit per share was a $1.31, also down from $2.37 a year ago. Overall profit was down 17 percent. Caterpillar spokesman Jim Dugan says the decline was expected but says there are some positive signs. He says the company is seeing an uptick in the housing market and construction in the U.S. Business has also bounced back in China.

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