Caterpillar's profits tumble 44.5% in first quarter of '13

摘要

Caterpillar Inc. posted first-quarter net income of $880 million, down 44.5 percent from nearly $1.59 billion in the same period last year on revenue that slid 17.3 percent to $13.21 billion. Caterpillar had warned investors that the first quarter would be challenging, "and it certainly was," chairman and chief executive officer Doug Oberhelman said in a statement April 22.