Economy

xchrom

(108,903 posts)

19. Caterpillar Raises 2012 Forecast As Construction Demand Climbs

Wed Jul 25, 2012, 07:55 AM

Jul 2012

http://www.bloomberg.com/news/2012-07-25/caterpillar-raises-2012-forecast-as-construction-demand-climbs.html

Caterpillar Inc. (CAT), the world’s largest maker of construction and mining equipment, posted second-quarter profit that beat analysts’ estimates and raised its full-year earnings forecast as demand increased from North American builders and overseas miners.
Net income rose to $1.7 billion, or $2.54 a share, from $1.02 billion, or $1.52, a year earlier, the Peoria, Illinois- based company said in a statement today. Profit was more than the $2.28 average of 20 estimates compiled by Bloomberg. The shares rose 4.4 percent to $85.01 at 7:42 a.m. before the start of regular trading in New York.
Caterpillar sees 2012 profit of about $9.60 a share, compared with a previous forecast of $9.50 a share. Sales are projected at $68 billion to $70 billion, compared with a previous expectation of $68 billion and $72 billion.

***my dad worked for cat for 45 years.
i miss my dad.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

53 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Wednesday, 25 July 2012 [View all] Tansy_Gold Jul 2012 OP

UPS sees global economy getting worse Fuddnik Jul 2012 #1

The Li(e)bor Rigging Scandal Infographic For Dummies - Infographic DemReadingDU Jul 2012 #2

FUNTamentally? Tansy_Gold Jul 2012 #3

Smile! DemReadingDU Jul 2012 #5

It was just such a BIG typo! Tansy_Gold Jul 2012 #33

EXCLUSIVE-Prosecutors, regulators close to making Libor arrests TalkingDog Jul 2012 #4

They've been saying so for a week. Prove it, guys! Demeter Jul 2012 #6

Wanna bet they arrest a janitor and a couple of tellers at Wells Fargo? Fuddnik Jul 2012 #36

Surely not someone so high-ranking as a teller? mbperrin Jul 2012 #41

I'm coming off a 5 AM cleaning frenzy Demeter Jul 2012 #7

Euro�s Medicine May Be Making Greece�s Symptoms Worse STAMP. PLEASE! Demeter Jul 2012 #8

I have this one on speed dial, too. Tansy_Gold Jul 2012 #23

Apple Just Made $9 Billion (And Investors Are Mad) Demeter Jul 2012 #9

wednesday -- it's hot -- it's humid but i'm ready. peel me a grape, beaulah! xchrom Jul 2012 #10

We are deliciously cool and relatively dry in Ann Arbor Demeter Jul 2012 #12

Oh I am jealous! xchrom Jul 2012 #13

I'm jealous too -- of the CLEANING! Tansy_Gold Jul 2012 #30

Bernie Sanders Exposes the 26 Billionaires who are Buying the 2012 Election Demeter Jul 2012 #11

How Wall Street Scams Counties Into Bankruptcy William D. Cohan Demeter Jul 2012 #14

Ford Lowers 2012 Outlook As European Losses Cut Profit xchrom Jul 2012 #15

Companies Say 3 Million Unfilled Positions In Skill Crisis: Jobs xchrom Jul 2012 #16

WellPoint Reduces Full-Year Forecast As Medical Costs Increase xchrom Jul 2012 #17

China To Flood Steel Market Hurting ArcelorMittal: Commodities xchrom Jul 2012 #18

Caterpillar Raises 2012 Forecast As Construction Demand Climbs xchrom Jul 2012 #19

For you, and all missing loved ones Demeter Jul 2012 #42

so sweet. thanks. nt xchrom Jul 2012 #50

ECONOMISTS: 'Europe Is Sleepwalking Toward A Disaster Of Incalculable Proportions' xchrom Jul 2012 #20

The UK's Recession Is Much Worse Than We Thought xchrom Jul 2012 #21

One question Tansy_Gold Jul 2012 #34

usually the suit comes first. xchrom Jul 2012 #35

I'm reading an Agatha Raisin cozy mystery Demeter Jul 2012 #43

... xchrom Jul 2012 #49

Sandy Weill Calls For The Breakup Of Wall Street Banks On Squawk Box xchrom Jul 2012 #22

The ultimate hypocrite Po_d Mainiac Jul 2012 #29

indeed. nt xchrom Jul 2012 #32

....... Hotler Jul 2012 #38

I was going to say, "In exchange for what?" Demeter Jul 2012 #44

Moody's Casts Doubt on Euro Bailout Fund xchrom Jul 2012 #24

German business confidence 'at lowest since March 2010' xchrom Jul 2012 #25

IMF: Worsening eurozone crisis a 'key risk' to China xchrom Jul 2012 #26

Video - Spitzer interviews Barofsky DemReadingDU Jul 2012 #27

IMHO, There's Only One Thing That Can Stop This Trainwreck: Iggy Jul 2012 #28

And spying on the US Citizen Demeter Jul 2012 #45

Well, the Black Budget Iggy Jul 2012 #53

US Futures really bright (except techs) Roland99 Jul 2012 #31

Hedging drives Delta Air Lines to 2Q loss xchrom Jul 2012 #37

Amid energy shortages, a record first-half trade deficit for Japan xchrom Jul 2012 #39

US new-home sales fall to 350K, 5-month low xchrom Jul 2012 #40

The Great Transformation: From the Welfare State to the Imperial Police State By James Petras Demeter Jul 2012 #46

KEY PARAGRAPH Demeter Jul 2012 #47

The Weaponization of Economic Theory By Michael Hudson Demeter Jul 2012 #48

Five Reasons the Super-Rich Need Government More Than the Rest of Us By Paul Buchheit Demeter Jul 2012 #51

I have no hope. I see no future. I have no fight left in me. n/t Hotler Jul 2012 #52