Caterpillar Posts Record Revenue

Caterpillar said on Jan. 27 that it earned record profit for the fourth quarter driven by sales outside the U.S. market, and forecast higher earnings in 2012.

Caterpillar posted $1.5 billion in net income for the final three months of 2011, up a hefty 60% from the year-ago period.

Earnings were $2.32 per share, far ahead of the average analyst estimate of $1.73.

Fourth-quarter revenue jumped 35% to an all-time high of $17.2 billion, said the heavy equipment manufacturer, considered a bellwether of the global economy.

Copyright Agence France-Presse, 2011

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Caterpillar Chairman Wants U.S. to Expand Role in Selling Abroad