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CAT skins the anaylists!



April 29, 2011 – Comments (2) | RELATED TICKERS: CAT

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.

2 Comments – Post Your Own

#1) On April 29, 2011 at 1:50 PM, lemoneater (56.77) wrote:

So you are saying CAT is no dog :)

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#2) On April 29, 2011 at 6:39 PM, rfaramir (28.71) wrote:

I thought someone CAT-scanned the analysts! Was wondering what they found...

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