Caterpillar third-quarter earnings per share 1.40 usd vs 1.14 usd, up 23 pct |
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Fri, 19 Oct 2007 12:38
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LONDON (Thomson Financial) - Citing continued strength in markets outside of the United States, Caterpillar Inc announced third-quarter profit of 927 mln usd, or 1.40 usd per share, compared to 769 mln usd, or 1.14 usd, in the same period the year before.The increase in profit was due to improved price realization and higher sales volume, partially offset by higher manufacturing costs, including material costsCaterpillar said the full-year outlook for 2007 is for sales and revenues of about 44 bln usd and profit per share in the range of 5.20-5.60 usd, compared to 5.17 usd per share in 2006. However the previous outlook for 2007 sales and revenues was about 44 bln, and profit per share was 5.30-5.80 usd.Caterpillar said its preliminary outlook for 2008 reflects a sales and revenues increase of 5 to 10 pct and profit per share up 5 to 15 pct from the mid-point of the 2007 outlook rangetf.TFN-Europe_newsdesk@thomson.comrwCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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