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Yellow Caterpillar 320 tracked excavator with its boom and bucket raised beside a large earth mound under a cloudy sky.

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Lead story · #earnings

Caterpillar drops 9%; record backlog meets moderate Q4 outlook

CAT’s stronger earnings and US$78.1B order book did not prevent a selloff. Tariff recoveries, fourth-quarter growth and assignment cash explain the options-selling stakes.

Oct 29, 20264 min read

$CAT$PCAR

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