Caterpillar shares higher as dealer sales trends look less bad

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Caterpillar (CAT +0.4%) says total global machine sales fell 9% Y/Y on a three-month rolling basis in July, but that's an improvement from a 10% decline in June and a 12% drop in May.

In its Asia/Pacific segment, total machine sales fell a respective 29%, 30% and 30% for the months of July, June and May.

CAT reported a 33% drop in mining equipment sales vs. a 38% drop in June.