Arab Today, arab today caterpillar posts best q3 but cuts 2012 forecast
Last Updated : GMT 13:22:57
Arab Today, arab today
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*

Arab Today, arab today caterpillar posts best q3 but cuts 2012 forecast Arab Today, arab today caterpillar posts best q3 but cuts 2012 forecast

 



Arab Today, arab today

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*

Arab Today, arab today caterpillar posts best q3 but cuts 2012 forecast Arab Today, arab today caterpillar posts best q3 but cuts 2012 forecast

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday