Jump over the site's section navigation.

Cat Earnings Beat Expectations

Mon, 27 Jan 2014 07:15:54 CST
By: AP

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.

Support Your Public Radio Station