Caterpillar Profit Down 21%; Slump in Home Building Cited
603152
The maker of heavy equipment also faced higher-than-expected operating costs. Itâs shares fell 4.35% after the report.
439216
KB Home , the No. 5 U.S. home builder, posted a quarterly net loss on Thursday as home revenue dropped sharply due to the weak housing market.
529332
Winnebago Industries Inc.  on Friday posted a weaker-than-expected quarterly profit after buyers turned to motor homes that cost more to make and had lower profit margins when sold.
768683
Loews Corp  said on Monday  fourth-quarter profit fell 31 percent, hurt by subprime  investment losses at its CNA Financial Corp  insurance  business and weaker results in its tobacco and drilling units.
21457
Countrywide Financial Corp , the largest U.S. mortgage lender, said on Tuesday second-quarter profit fell as mortgage banking pre-tax earnings declined by about half.
196610
Lennar Corp. , the  third-largest U.S. home builder, on Tuesday said quarterly  profit fell 39 percent, citing a steeper and  faster-than-expected decline in the U.S. housing market.
628313
Lennar Corp. LEN.N, the No. 3 U.S.   homebuilder, on Friday cut its third-quarter profit forecast   due to a deteriorating housing market, sending its shares down   nearly 3 percent in premarket trading.
660580
Caterpillar Inc , a manufacturer of heavy construction and mining equipment, said on Friday its quarterly earnings fell more than expected due to lower sales of diesel truck engines, weakness in North American construction markets, and higher production costs.
650282
The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
30319
Caterpillar Inc , the world's top maker of earth-moving equipment, diesel engines and gas turbines, said on Friday quarterly earnings rose 21 percent as strong sales overseas offset a slump in the U.S. residential construction market.
351071
Retailer Home Depot Inc.  said on Wednesday it expected per-share profit to decline 4 percent to 9 percent this year as the weak U.S. housing market pressures sales and it boosts investment in stores.
128372
A steeper-than-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its forecast for the current period.
554177
The printer maker said its second-quarter profit declined 16 percent, to $64.2 million, on lower consumer segment sales and higher costs.
635426
Home builder Toll Brothers Inc. today reported a 44 percent drop in quarterly profit but predicted the slumping U.S. housing market may have hit bottom, particularly in the Washington region.
761827
U.S. stock index futures extended declines, indicating a weaker market open on Friday, after heavy equipment maker Caterpillar Inc.  reported disappointing results.
524533
Dow Chemical Co  on Thursday reported lower-than-expected third-quarter profit, hurt by weak North American housing and auto markets and a change to German tax law.
635180
Caterpillar Inc, the world's top maker of earth-moving equipment, diesel engines and gas turbines, posted disappointing quarterly earnings on Friday and cut its full-year forecast, sending its shares down 3.5 percent.