Caterpillar earnings shine light on economic havoc wreaked by coronavirus
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CHICAGO (Reuters) - Caterpillar Inc on Tuesday reported a 46% annual drop in first-quarter earnings, with sales falling across all regions and all of its primary business segments, highlighting the economic devastation caused by the coronavirus pandemic.The world's biggest construction and mining equipment maker reported an adjusted profit of $1.60 per share, down from $2.94 a year earlier and below the $1.69 forecast by analysts on average, Refinitiv Eikon data showed.It did not provide a 2020..