Caterpillar Earnings Jump to $1.22 Per Share

Before you go, we thought you'd like these...
Before you go close icon
Caterpillar Inc. (CAT) reported third quarter earnings of $1.22 per share, compared with 64 cents per share a year earlier.

Sales and revenue rose 53% to $11.134 billion, the company said in a statement.

"Third-quarter results continue to demonstrate our focus on aggressively managing costs and improving cash flow, while continuing to ramp up production to meet customer demand," CEO Doug Oberhelman said.

Sponsored Links
"Continuing economic growth in the developing world has been key to improving sales," Oberhelman said.

Caterpillar boosted its outlook for 2010. The company now forecasts earnings per share of $3.80 to $4 per share, compared with a pervious outlook of $31.5 to $3.85.

The company forecasts 2010 revenue of $41 billion to $42 billion, compared with an original forecast of $39 to $42 billion.

"2010 is shaping up to be one of the most significant year-over-year increases in sales and revenues in our history," the statement said.

Read Full Story

Markets

S&P 500 2,388.61 14.46 0.61%
DJIA 20,996.12 232.23 1.12%
NASDAQ 6,025.49 41.67 0.70%
DAX 12,467.04 12.06 0.10%
NIKKEI 225 19,289.43 210.10 1.10%
HANG SENG 24,555.86 99.92 0.41%
USD (per EUR) 1.09 0.00 -0.04%
USD (per CHF) 0.99 0.00 0.11%
JPY (per USD) 111.43 0.39 0.35%
GBP (per USD) 1.28 0.00 -0.10%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

This Real-Life Barber May Have Inspired The Musical 'Sweeney Todd' - And His Crimes Were This Real-Life Barber May Have Inspired The Musical 'Sweeney Todd' - And His Crimes Were
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
This Photographer Brilliantly Documented Crime on the Mean Streets of New York City This Photographer Brilliantly Documented Crime on the Mean Streets of New York City