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This Thursday, Feb. 28, 2013, file photo shows a parking lot at Caterpillar Belgium, in Gosselies, Belgium. Caterpillar Inc. reports quarterly financial results before the market opens on Wednesday, July 24, 2013. (AP Photo/Yves Logghe, File)

Caterpillar 2Q profit falls 77 percent; cuts outlook

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PEORIA, Ill. (AP) — Caterpillar says its second-quarter profit fell 77 percent as dealers cut inventories more than it had anticipated and the company cut its profit and revenue outlook for the year.

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