Tuesday, July 22nd21.5°C
21452
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

21623


Recent Trending




Today's Market
S&P TSX15315.13+65.14
S&P CDNX1010.884.40
DJIA17113.5461.81
Nasdaq4456.016+31.312
S&P 5001983.53+9.90
CDN Dollar0.9318+0.0005
Gold1313.40+4.2001
Oil104.30-0.29
Lumber332.50+6.20
Natural Gas3.77-0.002

 
Okanagan Companies
Pacific Safety0.200.00
Knighthawk0.01-0.005
QHR Technologies Inc1.19+0.04
Cantex0.06+0.005
Anavex Life Sciences0.33-0.018
Metalex Ventures0.07+0.005
Russel Metals35.60+0.61
Copper Mountain Mining2.83+0.14
Colorado Resources0.215+0.015
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.19+0.01

 



22704

FEATURED Property
17869501916 Boone Court, Kelowna, BC
10079849 bedrooms
$899,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


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...


Euro debt woes re-emerge

Big Picture Euro debt woes re-emerge Europe’s debt woes jumped back into the headlines this week trumping other economic, geopolitical and corporate developments. Word that one of Portugal&rsquo...

_








Member of BC Press Council


22685