Friday, Feb 27, 2015
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Commodity prices hit Caterpillar profit, warns low oil prices will hurt '15

Caterpillar's dealer machinery sales drop 10 percent

Caterpillar 2Q profit rises, revenue declines

Caterpillar closing three Illinois production facilities

Recent Comments

pjohnf - QFD at Madison School Wednesday - Quincy, IL News - QuincyJournal.com
Kudos to the QFD for teaching fire safety to our children and I hope they talked about smoke detectors, which I'm sure they did. Smoke detectors the first line of defense against house fires should be on every floor and near or in every bedroom. Install working smoke detectors in your home and keep your family safe.
pjohnf - Illinois House Speaker renews push for \'Millionaire\'s Tax\' - Quincy, IL News - QuincyJournal.com
It's one thing to think he's getting the rich to pay their fair share in a liberals world but the rich already pay most of the taxes. Even if you agree with the corrupt Madigan, the only people who will benefit from such a tax is Madigan and the rest of the corrupt politicians. They'll waste it and buy votes with the money not solve our fiscal problems in Illinois.
migraine_in_qcy - City starting to look at budget cuts - Quincy, IL News - QuincyJournal.com
Yeah, not likely. If you're going to bid on a government project, you have to play the game. If you bid too low, or in this case, bid fairly, you'll be the odd man out. Those reviewing the bid will assume you didn't understand the scope and toss it out. Everyone knows this, so the bids all stay relatively high.
migraine_in_qcy - City starting to look at budget cuts - Quincy, IL News - QuincyJournal.com
If I see Brian or another Terstegge this weekend, I'll be sure to ask. I assume they forced the Council to provide their reason for denying the permit.
migraine_in_qcy - City starting to look at budget cuts - Quincy, IL News - QuincyJournal.com
Yeah, this isn't the first time someone I know is getting screwed over by these rules. Real nice when the City grants you a permit to build something on your own property, you spend the money building it, and then they shut you down. When the courts rules that the City was guilty of "spot zoning", Venvertloh's should have sued the City for damages, loss of revenue, and mental anguish. All…

Most Popular

Quincy man arrested downtown for delivering crack

City starting to look at budget cuts

Heroin arrest in Downtown Quincy

REBEL MEDIA: A New Chapter

It's Been a Great Run

Adams Co Divorces for Feb 23

Republican Primary election in Quincy today

Rauner's Budget Cuts Amtrak Frequency

Caterpillar 4Q results top analysts' expectations

1 year, 1 month ago from Associated Press

The Peoria-based company's board approved a new $10 billion buyback

Caterpillar's fourth-quarter net income rose compared with results weighed down by a large impairment charge a year ago. Its performance topped Wall Street's view.

The Peoria, Ill.-based company's board approved a new $10 billion buyback. Caterpillar also provided a 2014 forecast above analysts' estimates.

Its shares climbed more than 6 percent in premarket trading Monday.

For the period ended Dec. 31, Caterpillar Inc. - which makes mining gear, construction and forestry equipment and large power generators - earned $1 billion, or $1.54 per share. That compares with $697 million, or $1.04 per share, a year earlier.

The prior-year period included an impairment charge of 87 cents per share, partially offset by a tax settlement of 45 cents per share.

Analysts surveyed by FactSet expected earnings of $1.27 per share for the latest quarter.

Revenue declined 10 percent to $14.4 billion from $16.08 billion, but still beat Wall Street's forecast of $13.41 billion.

Full-year net income dropped to $3.79 billion, or $5.75 per share, from $5.68 billion, or $8.48 per share, in the previous year.

Annual revenue fell 16 percent to $55.66 billion from $65.88 billion, hurt mostly by a sharp decline in sales of new machines for mining.

For 2014, the company anticipates adjusted earnings of $5.85 per share on revenue of about $56 billion. Analysts predict earnings of $5.75 per share on revenue of $55.36 billion.

Caterpillar said that it plans to repurchase about $1.7 billion shares of its common stock in the first quarter. The company said that this move should complete its existing $7.5 billion repurchase program set to expire on Dec. 31, 2015. With the anticipated completion of the program, Caterpillar said its board approved a $10 billion repurchase program that is set to expire on Dec. 31, 2018.

The company's stock gained $5.38, or 6.2 percent, to $91.55 in premarket trading about 75 minutes before the market open.


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 24 minutes ago

JWCC partners with WIU and Dot Foods - The two schools and business will work together to offer a new Supply Chain... http://t.co/st01tMkS2Z
QuincyJournal on Twitter

QuincyJournal 24 minutes ago

Adams County youth may face arson charges - Authorities found two juveniles hanging around a suspicious fire on Ba... http://t.co/nPg38kxLSj
QuincyJournal on Twitter

QuincyJournal 14 hours, 23 minutes ago

Park District, STARadio team up for Daddy/Daughter, Mommy/Son Date Nights http://t.co/Bif9job5ey
QuincyJournal on Twitter

QuincyJournal 15 hours, 23 minutes ago

Missouri Auditor Tom Schweich dies - Candidate for governor; self-inflicted gunshot wound http://t.co/e1wzUruc78