Caterpillar shares fall 3.08% premarket due to increased tariff costs.

Caterpillar Inc. fell 3.08% in premarket trading, with the company expecting tariffs to have a greater impact on its finances. Caterpillar now anticipates the net impact from tariffs to be $1.5 billion to $1.8 billion this year, up from a previous range of $1.3 billion to $1.5 billion. In the third quarter, it anticipates costs to be $500 million to $600 million, up from $400 million to $500 million. As a result, Caterpillar expects its full-year adjusted operating profit margin will be near the bottom of the target range it gave previously.