Tuesday, July 29th33.2°C
21450
21953

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

22439


Recent Trending




Today's Market
S&P TSX15446.55+1.33
S&P CDNX1016.50-3.35
DJIA16912.11-70.48
Nasdaq4442.698-2.211
S&P 5001969.95-8.96
CDN Dollar0.9212-0.0004
Gold1310.00+6.70
Oil100.91-0.06
Lumber322.20-0.80
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.185-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.20+0.05
Cantex0.085+0.02
Anavex Life Sciences0.2675+0.0025
Metalex Ventures0.085+0.005
Russel Metals35.29+0.14
Copper Mountain Mining2.86-0.11
Colorado Resources0.2250.00
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.035+0.015
Mission Ready Services0.155-0.035

 



22439

FEATURED Property
20242472007 Manufactured Home - 66' x 15-8", #100 McDougall Creek Estates Mobile Home Park
$83,000
more details
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22758