Heavy equipment maker Caterpillar first-quarter earnings rise 13...

Courtesy Topix - Business News  Fri, 04/18/2008 - 18:48

- Heavy equipment maker Caterpillar says demand for its global mining and energy products pushed its first-quarter earnings up 13 per cent.

Peoria, Ill.-based Caterpillar Inc. said Friday it earned US$922 million, or $1.45 per share, in the January-March period compared with $816 million, or $1.23 per share, in the year-ago quarter.

Revenue rose 18 per cent to $11.8 billion from $10.02 billion a year earlier.

Thomson Financial says analysts expected profit of $1.33 per share on revenue of $10.77 billion. Read more

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