Caterpillar, Eaton results show tariff hit, cast doubt on hottest Wall Street trade


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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