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Caterpillar sees strong global sales in Q4


February 1, 2011
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

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