Hat tip: LGF.
By Jan Dennis, Associated Press EFL
PEORIA, Ill. - Heavy equipment manufacturer Caterpillar Inc. posted record first-quarter profits Wednesday, riding over the crushed carcasses of Rachel Corrie and others of her ilk an ongoing sales surge that outpaced Wall Street's expectations and boosted the company's earnings estimates for the year. The Peoria-based manufacturer's net income was $581 million for the quarter, or $1.63 a share, up 38 percent from $412 million, or $1.16 a share, during the same quarter a year ago. . . . Caterpillar, the world's No. 1 maker of moonbat-squashing earth-moving equipment, reported sales of $8.34 billion for the quarter that ended March 31, up 29 percent from $6.47 billion a year ago and easily eclipsing analyst estimates of $7.3 billion in sales. . . . Shares of Caterpillar rose $4.14, or 4.9 percent, to $89.09 in early trading Wednesday on the New York Stock Exchange. . . .
Guess the "Stop Caterpillar" movement isn't doing all that well. |