Caterpillar Inc (CAT.N), the world’s largest construction and equipment maker, reported a bigger fourth-quarter loss on Thursday, hurt by higher-than-expected restructuring costs.
The company’s loss ballooned to $1.17 billion, or $2.00 per share, in the quarter ended Dec. 31, from $94 million, or 16 cents per share, a year earlier.
Net sales fell 13.2 percent to $9.57 billion.
(Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)
