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Tag: Cat financial results
Business
Caterpillar profit up 4% in 2Q despite decline in sales; improves full-year forecast
Despite a dip in sales and continued soft demand for mining equipment, Caterpillar today announced a 4-percent increase in profit during the second quarter. The company today announced profits of $999 million, or $1.57 per share, for the second quarter ending June 30. That’s up 4 percent from the $960 million earned during the same […]
July 24, 2014
Business
Profits drop 33% in 2013, but Caterpillar’s better-than-expected 4Q provides momentum for ’14
Caterpillar released its fourth quarter and full-year financial results for 2013 this morning, with numbers that were better than expected by Wall Street analysts. The heavy equipment manufacturer’s profits were $1 billion in the fourth quarter, an increase of 44 percent from 4Q 2012. That increase is mostly due to the $580 million impairment charge […]
January 27, 2014
Business
Caterpillar first-quarter profits fall 45% due to inventory cuts, low mining demand
A steep decline in demand for mining equipment coupled with reductions in inventory are to blame for Caterpillar’s slumping first-quarter financial results, the company reports. The company reported a profit of $880 million in the first quarter of 2013, a 45-percent tumble from the $1.586 billion the company pulled in the first quarter of 2012. Sales […]
April 23, 2013
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