Caterpillar cuts profit outlook as China sales slump

(Reuters) - Industrial bellwether Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China. The results, the latest hint of the deepening fallout for companies of U.S.-China trade tensions and a broader slowdown in the world's second-largest economy, sent shares in the heavy machinery maker down 5% and underpinned a fall in Dow Jones..