Caterpillar, Eaton results show tariff hit, cast doubt on hottest Wall Street
Key Points
- Caterpillar’s operating profit fell 18% compared with the same period last year due to President Donald Trump’s tariffs.
- Eaton provided third-quarter earnings guidance that missed Wall Street expectations.
- Caterpillar’s and Eaton’s results cast doubt on the performance of the industrial sector, one of the hottest trades this year.
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