Caterpillar cuts 2016 sales, earnings outlook, first-quarter profit slumps

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Caterpillar cuts 2016 sales, earnings outlook, first-quarter profit slumps

Caterpillar cuts 2016 sales, earnings outlook, first-quarter profit slumps
(Reuters) - Caterpillar Inc. on Friday chopped its 2016 earnings outlook and posted a lower first-quarter operating profit, reeling from a fall in revenue in its construction, oil and gas and rail business segments.

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