Apr 21st, 2009 - CNNMoney
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(Updates throughout with details, background and share price)
CHICAGO -(Dow Jones)- Caterpillar Inc. (CAT) cut is full-year sales and profitforecasts Tuesday and admitted it had underestimated the severity of the globaleconomic downturn.
The world's largest maker of construction equipment had seen sales soar duringthe extended commodity boom, but is cutting production and underscored theuncertainty over a recovery as its 2009 sales forecast carries a range of plusor minus 10%.
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