Caterpillar masters slowdown, posts record results

Caterpillar Inc muscled through murky economic conditions with a surprising 44 percent jump in quarterly profit, and forecast strong demand through next year in a sign of optimism for the global economy.

The company said on Monday that it expects full-year 2011 profit and revenue to set records on the back of surging sales for mining equipment and construction machinery in most markets around the world -- suggesting the underlying health of the global economy may not be as dire as is widely believed.

Caterpillar executives expect that momentum to carry into next year, with sales rising up to 20 percent above the expected record $58 billion in sales in this year.

Read Full Article from Reuters

- Posted: 2011-10-24 14:31:10

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