Caterpillar expects a US$1.5bn to 1.8bn hit from tariffs (up from prior 1.three to 1.5)
Caterpillar shares dropped in after hours commerce.
- The agency disclosed it now expects the web affect from tariffs within the US$1.5bn to 1.8bn vary, from 1.three to 1.5 beforehand
- expects a US$500mn to 600mn affect in Q3 alone
- expects its full-year adjusted working revenue margin to return in close to the underside of the goal margin vary
- left its full-year gross sales outlook unchanged
- “firm continues to take preliminary mitigating actions to scale back this affect”, however “commerce and tariff negotiations proceed to be fluid”
This text was written by Aaron Cutchburt at investinglive.com.
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