Caterpillar (CAT) Sees Strong Upcoming Selling Season in China; Says Miners Still Cautious
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Caterpillar (CAT) Reports 67% Jump in Q2 Profit Despite 'Depressed' Construction Activity in US
July 25, 2012 9:40 AM EDTCaterpillar (NYSE: CAT) shareholders are cheering the company's second-quarter 2012 results Wednesday morning as management called the period ending June 30th, 2012 its "best quarter in history". The stock is up more than 4 percent to $85.13 at last check.
Sales for the construction and mining equipment company totaled $17.37 billion, up 22 percent from revenue of $14.23 billion reported in the same quarter last year. Analysts were expecting total sales of $17.11 billion.
Revenue to the company's Construction unit rose 8 percent to $5.34 billion, sales to the Resource unit were up 68 percent to $5.39... More
