Caterpillar Net Tops Forecast; 2011 Profit to Near $6

Caterpillar Inc., the world’s largest maker of construction equipment, posted fourth-quarter profit that topped analysts’ estimates and said 2011 earnings will be “near” to $6 a share on higher emerging-market demand.

Net income rose fourfold to $968 million, or $1.47 a share, from $232 million, or 36 cents, a year earlier, the Peoria, Illinois-based company said in a statement today. The average estimate of 19 analysts in a Bloomberg survey was $1.28 a share.

The full-year earnings forecast compares with the $5.87 average prediction of 24 analysts surveyed by Bloomberg. Caterpillar’s 2011 outlook includes U.S. locomotive manufacturer Electro-Motive Diesel, which it agreed to buy last year, and excludes the pending purchases of mining-equipment maker Bucyrus International Inc. and German engine producer MWM Holding GmbH.

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- Posted: 2011-01-27 09:51:46

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