Caterpillar beats estimates
Monday, January 28, 2013 9:52 AM
Caterpillar Inc. reported
fourth-quarter profits that topped analysts' estimates, Bloomberg
reported. Net income fell to $1.04 a share from $2.32 a year earlier.
Profits excluding a $580 million write-down on its ERA Mining Machinery Ltd.
unit in China were $1.91 a share, the Peoria, Ill.-based company said in a
statement today. The average of 22 estimates compiled by Bloomberg was for
per-share profits of $1.70. Sales fell to $16.1 billion, matching the average
of 14 estimates. Read