Tuesday, October 6th3.3°C

Caterpillar 4Q results top Street; OKs $10B buyback; 2014 forecast above analysts' estimates

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

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

Shares climbed 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.

Revenue declined 10 per cent to $14.4 billion from $16.08 billion.

Analysts surveyed by FactSet expected earnings of $1.27 per share on revenue of $13.41 billion.

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13552.20+212.46
S&P CDNX529.91+4.35
S&P 5001987.05+35.69
CDN Dollar0.7642-0.0002
Natural Gas2.483+0.033

Okanagan Companies
Pacific Safety0.215+0.000
QHR Technologies Inc1.22+0.03
Metalex Ventures0.06+0.00
Russel Metals22.51+1.03
Copper Mountain Mining0.50+0.08
Colorado Resources0.07-0.01
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.095+0.005
Decisive Dividend Corp3.49+0.00
Diamcor Mining0.90+0.02



23761705988 Victoria st
4 bedrooms 3 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council