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Caterpillar Inc's 'big quarterly miss' a warning sign for London's miners

Mining Capital's Alastair Ford gives his take on Caterpillar Inc's (NYSE:CAT) recent quarterly results in which the heavy machinery maker reported anemic third-quarter numbers and cut its earnings forecast for the year. 

The Illinois-based company attributed its lackluster quarterly showing to a slowdown in inventories from dealers. 

Quick facts: Caterpillar Inc.

Price: 147.78 USD

NYSE:CAT
Market: NYSE
Market Cap: $81.67 billion
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