(Reuters) - A sharp drop in shares of equipment-maker Caterpillar Inc.
on Friday showed just how badly a stock can be hurt
when there is an earnings shortfall. The company reported an
earnings decline that was greater than expected. The stock
fell 4.4 percent and spoiled the Dow's day.
Despite Caterpillar's problems, multinational corporations
have been in a position to benefit from stronger economies
overseas.
Read more at Reuters.com Economic News
on Friday showed just how badly a stock can be hurt
when there is an earnings shortfall. The company reported an
earnings decline that was greater than expected. The stock
fell 4.4 percent and spoiled the Dow's day.
Despite Caterpillar's problems, multinational corporations
have been in a position to benefit from stronger economies
overseas.
Read more at Reuters.com Economic News
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