Saturday, 23 July 2011

Caterpillar Profit Rises 44% but Misses Wall St. Estimates

Continued robust demand for Caterpillar ’s heavy equipment raised the company’s second-quarter profit 44 percent, the company said Friday, but higher costs and cautious comments about China’s economy set off a 5.8 percent decline in its share price. The company raised its sales outlook for the ...


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