Monday, October 25, 2010

Caterpillar 3Q Earnings

Caterpillar: The third quarter went extremely well for Cat. Improved numbers reflect what management said was improved demand for construction equipment in both developed and emerging markets. Consensus analyst estimates according to Reuters were eps of 1.09. Cat topped these estimates reporting an eps of $1.22 compared with an eps of .64 in q3 of last year. Sales and revenue were 11.13 billion up 53% from last year. Machinery and engines sales were $10.45 billion, a 59% rise from $6.58 billion a year ago. While machinery sales grew 84% to $7.20 billion, engines sales increased 21% to $3.25 billion.


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