CAT skins the anaylists!
From the AP
April 29, 2011
Caterpillar's 1Q profit soars, boosts forecastCaterpillar's 1Q net income climbs, blowing past expectations on higher demand, shares rise
ST. LOUIS (AP) -- Heavy equipment maker Caterpillar Inc. said Friday its first-quarter profit soared more than five-fold as a growing economic recovery boosted demand for the company's mining and construction equipment.
The results blew past analysts' expectations and it boosted its outlook for the year. Its shares rose $3.06, or 2.7 percent, to $115.70 in morning trading...
Click here for more of the story.
I'm not a stock holder, just excitied because they have a big plant in my home state.