UPDATE 3-Caterpillar earnings dive as coronavirus wreaks economic havoc

Caterpillar Inc on Tuesday reported a steeper-than-expected decline in first-quarter earnings, with sales falling across all regions and all primary business segments as the coronavirus pandemic devastated economies around the world. The Deerfield, Illinois-based heavy equipment manufacturer, considered a bellwether for economic activity, said the financial fallout of the health crisis in the quarter through June will be worse than the previous quarter.