Investors had been expecting upward revision of profit per share outlook
Caterpillar Inc disappointed investors on Tuesday by not raising its 2018 earnings forecast again, raising fears that the heavy-duty equipment maker may be signalling a slowdown despite posting better-than-expected quarterly profits.
The stock was last trading down 8% before the opening bell, weighing on the overall US stock market. The Dow Jones Industrial Average, which includes Caterpillar, was set to open down about 400 points.
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