A conversation about the latest market-moving news, including rising hopes of reopening the economy and a slew of corporate earnings.
as the coronavirus pandemic disrupted demand in the construction and mining sectors. The industrial giant on Tuesday reported revenues of $10.6 billion in the first quarter, compared with $13.5 billion in the first quarter of 2019.
Caterpillar posted adjusted earnings per share of $1.60 in the first quarter, compared with $3.25 per share in the same quarter a year ago. The company said it is not providing a financial outlook for 2020 at this time given the "continued global economic uncertainty" due to the pandemic. –
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