Caterpillar Boosts Profits, Outlook Despite Flat Revenue And Shaky Economy — forbes.com

Caterpillar Caterpillar shares helped the Dow Jones industrial build an opening gain Thursday morning, after the heavy equipment maker beat earnings expectations despite little progress on the revenue front. Sluggish economic growth around the world remains a problem, and Caterpillar’s operating profit ($1.4 billion) and revenue ($13.5 billion) were basically flat from a year ago, but the company managed to grow earnings per share to $1.63 — $1.72 when excluding restructuring costs — from $1.45 a year ago. That figure easily beat the consensus call for $1.34, which made Wall Street happy and sent Caterpillar shares up more than 4% in pre-market trading.

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