Caterpillar Inc the world's largest maker of construction and mining equipment

Caterpillar posted a loss of $ 112 million or 19 cents per share, in the quarter ended in March, including the cost of the quarter for LAYOFFS of $, 558.000.000 or 58 cents per share. During the same period a year earlier, the company earned $ 922.000.000, or $ 1.45 per share.
Excluding one-time items, the Caterpillar will earn 39 cents per share, easily beating expectations with Wall Street. Analysts, on average, expect a profit of 4 cents per share on revenue of $ 8540000000, according to a survey by Thomson Reuters.
Caterpillar, a component of the Dow Jones Industrial Average, says earnings quarter down 22 percent to $ 9220000000.
This also reduces the company's projections. Now expects a profit of about $ 1.25 per share on revenues of about $ 35 billion, down from earlier projections of $ 2.50 per share on revenue of $ 40 billion. Observers predicted a profit of $ 1.77 per share on revenue of $ 39040000000.
During the quarter, stocks Caterpillar down about 37 percent, the lowest point to the quick immersion-$ 21,71 per share-in about six years.