
News
Caterpillar sees strong global sales in Q4
February 1, 2011
By Daily Commercial News
By Daily Commercial News
February 1, 2011
By Daily Commercial News
By Daily Commercial News
NEWS HIGHLIGHT
Caterpillar sees strong global sales in Q4
Caterpillar more than quadrupled its fourth-quarter
profit as stronger demand helped increase global sales of mining and
construction equipment.
Feb. 1, 2011 – Caterpillar more than quadrupled its fourth-quarter profit as stronger demand helped increase global sales of mining and construction equipment.
The Peoria, Ill., based company said that it generated US$968 million net income. That’s much higher than the previous year’s $232 million net income, but 2009’s fourth quarter was also hurt by layoff costs that consumed 5 cents per share of profit. | READ MORE
Advertisement