Caterpillar Posts Excellent Fourth Quarter and Predicts Further Gains

Jan 30, 2012

Caterpillar recently posted their fourth quarter results, which saw net income climb 60%. This exceeded estimates made by analysts, and was the 11th time in the last 12 quarters that the company did so. Amid the success, Caterpillar estimates that the global economy will grow 3.3% in 2012, an improvement from last year, and suggests that Wall Street projections for 2011 were too conservative. Acquisitions such as Bucyrus International Inc., a mining equipment company, have helped the company grow, particularly with the increased demand for commodities like gold, copper and coal.

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