caterpillar posts best q3 but cuts 2012 forecast
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Caterpillar posts best Q3, but cuts 2012 forecast

Arab Today, arab today

Arab Today, arab today Caterpillar posts best Q3, but cuts 2012 forecast

New York - AFP

Caterpillar Inc., the world's top construction equipment manufacturer, reported its best third quarter on Monday but lowered its full-year forecast, citing global uncertainties. Net earnings leaped 49 percent from a year ago to $1.7 billion, or $2.54 per share, beating analysts expectations. Revenue rose five percent to $16.4 billion, missing Wall Street estimates of $16.8 billion. Caterpillar chairman and chief executive Doug Oberhelman said the company "is focused on finishing 2012 as the best year for sales and profit in our history." The construction and mining equipment manufacturer, considered a bellwether of the global economy, was continuing to see the impact of "economic and geopolitical headwinds facing the world," he said. "Despite the turbulence in the global economy, we continue to track toward our goals on cost control, margin improvement, product quality, safety and better product availability for our customers." Caterpillar lowered its full-year sales and revenues forecast to about $66 billion, from a previous outlook of $68 to $70 billion. Profit was predicted in a range of $9.00 to $9.25 per share, down from a prior estimate of about $9.60. "As we've moved through the year, we've seen continued economic weakening and uncertainty. It's definitely impacting our business with dealers intending to lower inventories and mining customers delaying some projects and reducing orders," Oberhelman said. "While there's reason for optimism, and we're not expecting a global recession in 2013, we are prepared and stand ready to take action no matter what happens to the global economy," he added. Shares in the Peoria, Illinois-based Caterpillar were down 1.3 percent at $82.81 in pre-market trade.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

caterpillar posts best q3 but cuts 2012 forecast caterpillar posts best q3 but cuts 2012 forecast

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

caterpillar posts best q3 but cuts 2012 forecast caterpillar posts best q3 but cuts 2012 forecast

 



GMT 23:17 2016 Wednesday ,23 November

Egyptian women's football team defeats Zimbabwe 1-0

GMT 02:33 2017 Tuesday ,26 September

US will go to Pyeongchang, confident in security, safety

GMT 17:39 2016 Sunday ,16 October

Wrong intel ‘led to Sanaa strike’

GMT 08:24 2016 Thursday ,31 March

Argentine Senate to vote

GMT 05:12 2017 Wednesday ,22 March

EU deplores ‘surreal’ stand by US on world trade

GMT 10:22 2017 Wednesday ,18 October

Britain's MI5 says running over 500 terror probes

GMT 14:36 2017 Saturday ,19 August

Queen of Soul Aretha Franklin moving back

GMT 19:33 2016 Wednesday ,10 August

BMW Korea to Recall Nearly 12,000 Cars in South Korea

GMT 21:52 2017 Thursday ,27 July

Sara Malocco PR handles Giovanni Raspini

GMT 13:48 2017 Sunday ,15 October

Bahrain to host eCommerce Forum/Exhibition 2017

GMT 18:50 2017 Monday ,01 May

Ukraine clings to nuclear power

GMT 14:45 2017 Tuesday ,28 November

Kids the bait in football shark pool
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday