Caterpillars fourth-quarter net income rose compared with a year ago. Its results topped Wall Street's expectations. The Peoria-based company's board approved a new $10 billion buyback, and provided a 2014 forecast above analyst estimates. Shares climbed in premarket trading. Caterpillar makes mining gear, construction and forestry equipment and large power generators. It earned $1 billion, or $1.54 per share. That compares with $697 million, or $1.04 per share, a year earlier. Revenue declined 10 percent to $14.4 billion from $16.08 billion. Analysts expected earnings of $1.27 per share on revenue of $13.41 billion.
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