News Column

Caterpillar profit beats forecasts

January 28, 2014

Caterpillar posted a stronger-thanexpected quarterly profit yesterday as cost cuts and an uptick in demand for its building equipment offset continued weak sales to the mining industry. It expects constructionequipment sales, which jumped 20 per cent in the most recent quarter, to rise another five per cent in the coming year. The firm reported fourth-quarter profit of $1bn , or $1.54 a share, up from $697m , or $1.04 a share, in the same period of 2012.

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Source: City A.M. (UK)

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