NEW YORK (MarketWatch)
Caterpillar Inc. said Thursday its fourth-quarter profit jumped 60% to $1.55 billion, or $2.25 a share, from $968 million, or $1.47 a share, in the year-ago period
Breaking out the impact of its Bucyrus acquisition, Caterpillar earned $2.32 a share
Revenue increased 35% to $17.24 billion, an all-time quarterly record
The Peoria, Ill.-based maker of bulldozers was expected to earn $1.76 a share on revenue of $15.95 billion, according to a survey by FactSet Research
Looking ahead, Caterpillar expects 2012 earnings of about $9.25 a share, ahead of the analyst estimate of $9.07 a share
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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