Caterpillar : Optimistic retail sales report boosts Caterpillar stock price
A rolling three-month retail sales report filed with the
After generally losing ground in the more than two weeks since federal agents raided the company's headquarters as part of a criminal investigation,
Total machinery sales in Asian and Pacific markets rose 39 percent over the three-month period, according to the filing. The machinery gains there offset losses of 3 percent in
Worldwide machinery sales in the most recent three-month reporting period lost only 1 percent after posting 8 and 12 percent declines compared to the prior year for the three-month periods ending in January and December, respectively.
Retail sales of construction equipment in
Energy and Transportation retail sales over the same three-month period, however, did not break into positive territory. Those sales figures were down 9 percent, which represented a less severe decline than in the three months ending in January (11 percent) and December (22 percent).
The figures disclosed by
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