Caterpillar (CAT) is expected to report its second-consecutive drop in profit for the first time...

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

Caterpillar (CAT) is expected to report its second-consecutive drop in profit for the first time in four years when it reports Q1 earnings. Caterpillar has been hurt by an "over-supplied commodity environment," in the words of Goldman Sachs' Jerry Revich, and a slowdown in China's industrial economy. EPS is forecast to slump to $1.46 from $2.37 last year and revenue to drop 13.6% to $13.80.