From RTTNews:

Caterpillar Inc. reported a nearly doubled profit for the fourth quarter, with adjusted earnings per share beating analyst estimates. Revenues missed expectations by a small margin. In pre-market NYSE trade, CAT is up 4.73 percent, at $330.00. The company’s net profit was $2.68 billion or $5.28 per share, compared to $1.45 billion or $2.79 per share in the prior-year quarter. Adjusted net income was $5.23 per share. Total sales and revenues increased 3 percent to $17.07 billion. Energy & Transportation segment sales and revenues grew 12 percent to $7.67 billion, while Construction Industries segment sales and revenues were down 5 percent to $6.52 billion. Resource Industries segment sales and revenues declined 6 percent to $3.24 billion. Financial Products segment revenues grew 15 percent to $833 million. Operating profit margin improved 830 basis points to 18.4 percent. For more earnings news, visit rttnews.com. Contact: [email protected].



Read more: Caterpillar Q4 Profit Tops Estimates