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Caterpillar Order Backlog Decline Sparks Demand Concerns
Posted
October 31, 2023
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2:58Now PlayingCaterpillar Inc. said its order backlog shrank in the third quarter with a year-on-year decline of $1.9 billion, even as the company reported earnings that beat analyst estimates thanks to higher prices and strong sales. Melius Research Partner Rob Wertheimer examines the results on "Bloomberg Markets."
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