Caterpillar said on Jan. 27 that it earned record profit for the fourth quarter driven by sales outside the U.S. market, and forecast higher earnings in 2012.
Caterpillar posted $1.5 billion in net income for the final three months of 2011, up a hefty 60% from the year-ago period.
Earnings were $2.32 per share, far ahead of the average analyst estimate of $1.73.
Fourth-quarter revenue jumped 35% to an all-time high of $17.2 billion, said the heavy equipment manufacturer, considered a bellwether of the global economy.
Copyright Agence France-Presse, 2011
See Also
Caterpillar Chairman Wants U.S. to Expand Role in Selling Abroad