Caterpillar cuts forecast for 2013

Firm cites ‘painful year’ for sales, mining-industry uncertainty

Posted: October 24, 2013 at 3:41 a.m.

Caterpillar Inc. side booms carry a section of pipe next to a trench during construction of the Flanagan South crude oil pipeline outside of Goodfield, Ill., earlier this month. Caterpillar on Wednesday reported a third-quarter profit of $946 million.

Caterpillar Inc., the biggest maker of construction and mining equipment, cut its 2013 sales and profit forecast Wednesday and said revenue will be little changed next year after a slump in orders from commodity producers.

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Business, Pages 27 on 10/24/2013