Caterpillar posts smaller profits

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Published: April 26, 2013

CHICAGO, Ill. (Reuters) — Caterpillar Inc. posted disappointing quarterly results and cut its 2013 profit forecast April 22 to reflect reduced demand for heavy equipment from its mining customers.

It expects a 2013 profit of $57 to $61 billion, down from a previous forecast of $60 to$68 billion.

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