from Associated Press
Saturday, Nov 1, 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

1950Brutus - Mid-America Port Authority pledged $1.3 million from Illinois - Quincy, IL News - QuincyJournal.com
I root for the Cleve Browns even though they have zero chance of winning the super bowl. Chance of winning doesn't come into play on this obsession - doesn't come into play when I vote either. I vote for what I want - I do not "settle"..
Givemeliberty - Mid-America Port Authority pledged $1.3 million from Illinois - Quincy, IL News - QuincyJournal.com
The goal this year is not to win its to get 5% of the vote so ballot access is not an issue in four years. Right up until about a month and a half ago the Libertarians were doing little if any campaigning. They were fighting court battles the GOP brought against them. And it was the same with the Green and Constitution partys to get on the ballot. Its hard to fund raise when you can't campaign…
Stupid_Dems - Business owners split over minimum wage votes - Quincy, IL News - QuincyJournal.com
Minimum wage it for minimum employees. A person should be able to work for any wage they want too without government interference.
Stupid_Dems - Votes for Republicans switched to Democrats in Moline - Quincy, IL News - QuincyJournal.com
If the Dems contaminate the ballot box the only recourse is exactly the same as was give n the Crown!
qfingers - Mid-America Port Authority pledged $1.3 million from Illinois - Quincy, IL News - QuincyJournal.com
What we need is a better voting system...like the Borda method. Then the 3rd party candidate most assuredly would have a chance....but for just that reason you'll never see it....the controlling parties not wanting a 3rd party to have any chance. Plus it's a bit difficult to count unless you are computerized. http://en.wikipedia.org/wiki/Borda_count

Most Popular

Mid-America Port Authority pledged $1.3 million from Illinois Video

Motorcyclist dies from Saturday crash

Amazon to open facility in Illinois, hire 1,000

Quinn, Durbin to drop in Monday for Port Authority announcement

Baldwin School evacuated following smoke in building Updated

Everyone safe following plane crash near Quincy Regional Airport

GOUGH MEDICINE: Gone too soon

QPD investigating elder scam

Caterpillar 4Q results top analysts' expectations

9 months 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 1 minute ago

Blessing Orthopedics unveils Break Free program - Program to treat fractures in the elderly http://t.co/z5yfqcuZ6T
QuincyJournal on Twitter

QuincyJournal 1 minute ago

QU to Host Guitar Workshop and Concert - Concert Sunday at 7:30 in Niemann Center for Music http://t.co/bku6yea75r
Bob Gough on Twitter

Bob Gough 6 hours, 16 minutes ago

@rgu11y @QNDRaiders Yes. We are doing it.
Bob Gough on Twitter

Bob Gough 19 hours, 28 minutes ago

RT @Illinois_Stage: Barnstorming Quinn announces another chunk of cash for a project in the Quad Cities http://t.co/2zROK9yCtN