from Associated Press
Tuesday, Nov 25, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Caterpillar's dealer machinery sales drop 10 percent

Caterpillar 2Q profit rises, revenue declines

Caterpillar closing three Illinois production facilities

Recent Comments

Stupid_Dems - Quincy City Council votes to sell defaulting loans - Quincy, IL News - QuincyJournal.com
Wonder who on the loan committee ok'd the loans. Maybe the same guys who ok's Newcomb?? Maybe???
1950Brutus - REBEL MEDIA: Dick is here to make it all better - Quincy, IL News - QuincyJournal.com
"Speaking of Reid, I believe his ouster as Senate leader is far and away the biggest positive for our country, from this election. In recent years, he’s been the single most despicable and destructive individual in Washington." - hammer right on nail's head. During these hearings Pee Wee Durbin will probably have an ear piece in so he can get Barrack's talking points immediately - so he…
GuyFawkes10 - Quincy School Board to discuss building project with out-of-town contractor - Quincy, IL News - Quin
Remember when we paid an expert out of town helper to get the skids greased in Washington? How did that turn out for Quincy.
CoolEdge - Kinder asks if Obama Ordered National Guard to Stand Down in Ferguson - Quincy, IL News - QuincyJour
Indeed it seemed that as with Benghazi, there were stand down orders. The FOX cameras rolled as looters broke in and looted the store that Brown had robbed. A few police or the guard would have stopped that, but they were nowhere to be seen, till this morning. The last time the looting happened, there was later report that it was a mistake for police to "stand down", reports that police were crying…
GuyFawkes10 - Quincy, IL News - QuincyJournal.com - Illinois Senate committee votes to send minimum-wage hike to t
déjà vu, . $10.50 will be the new $8 and the government collects more taxes on $10.50. You haven't got any more buying power and the higher costs drive more business to foreign companies or states with lower wage. Maybe all the new 6th grade educated ILLEGAL aliens will get this minimum wage.

Most Popular

Man arrested for financial exploitation of the elderly

Entrup files to run for Alderman on Quincy City Council Updated

Quincy man wounded while deer hunting

Quincy School Board proposes $33.63 million tax levy

Quincy Regional Airport makes another late season push for 10,000 departures Video

Downstate mayors and fire chiefs oppose mandatory firefighter staffing bill Updated Video

Quincy Public Schools involved in an ongoing investigation

Quincy School Board to discuss building project with out-of-town contractor

Caterpillar 4Q results top analysts' expectations

9 months, 4 weeks 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

Bob Gough on Twitter

Bob Gough 1 hour, 48 minutes ago

RT @olliander: Damn RT @viaSimonRomero: Brazil TV reporter. Car accident victim. This photo. #Amapá http://t.co/DRhQ5syqAU http://t.co/73Np4CWQ0S
QuincyJournal on Twitter

QuincyJournal 2 hours, 11 minutes ago

Kinder asks if Obama Ordered National Guard to Stand Down in Ferguson http://t.co/PrFpZdOGTY
QuincyJournal on Twitter

QuincyJournal 2 hours, 11 minutes ago

REBEL MEDIA: Dick is here to make it all better - His lecture on civil rights should be helpful... http://t.co/vmBoXUIRah
Bob Gough on Twitter

Bob Gough 2 hours, 23 minutes ago

@stltoday That'll help.