Posted on October 23, 2018
By Carl Surran, Seeking Alpha
Caterpillar (CAT -6.1%) ticks off its lows of the day after CEO Jim Umpleby said the company expects its businesses to continue improving into 2019 as demand remains strong in most of its end markets.
In this morning’s earnings conference call, Umpleby said CAT is starting to see an impact from its mid-year price increases.
CAT feels good about China for next year, and demand there is expected to remain healthy, the CEO says, adding that the company expects normal seasonal trends in China for the remainder of 2018.
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