Caterpillar Inc : * Says first quarter 2013 profit and revenue likely to be "significantly lower" than first quarter of 2012 * CEO says "i am accountable" for acquisition of era * CEO says "considering all options to recover our losses" from era accountingfraud * CEO says business strategy for China growth remains same, despite eraaccounting fraud * Says "cautious" on ability to raise or maintain product prices in 2013 * Says inventory levels in China did not slip much in Q4 2012, expects Chineseinventories to fall in Q1 & Q2 2013 * Says no major changes to how cat financial unit is marketing financing for
Caterpillar Inc. (Caterpillar) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Shares of CAT traded higher by 2.12% or $2.03/share to $97.61. In the past year, the shares have traded as low as $78.25 and as high as $116.95. On average, 6057470 shares of CAT exchange hands on a given day and today's volume is recorded at 8974282.
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