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<blockquote data-quote="SlugSlinger" data-source="post: 3015120" data-attributes="member: 7248"><p>Or what about this:</p><p></p><p><span style="font-size: 22px"><strong>Caterpillar crushes earnings, boosts its outlook for the rest of the year</strong></span></p><ul> <li data-xf-list-type="ul">Jul. 25, 2017, 7:46 AM </li> <li data-xf-list-type="ul">2,302</li> </ul><p><img src="https://www.okshooters.com/data/MetaMirrorCache/static1.businessinsider.com_image_58ff359f7522ca1b008b5fae_53827fbade50dc90053765c73bf757efa0e.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />Thomson Reuters</p><p>CAT Caterpillar </p><p></p><p>114.00</p><p>-0.09 (-0.10 %)</p><p></p><p><a href="https://www.okshooters.com/safari-reader://www.businessinsider.com/disclaimer-finance" target="_blank">Disclaimer</a> Get real-time CAT charts here »</p><p><a href="http://markets.businessinsider.com/stock/cat-Quote" target="_blank">Caterpillar</a> has smashed Wall Street's profit estimates and raised its full-year forecast for the second time, driven by improving demand in China and a recovery in mining activity.</p><p></p><p>Shares of the world's largest construction and mining equipment maker rose 5.6% in premarket trading on Tuesday.</p><p></p><p>Caterpillar's strong results underscore a turnaround in its main businesses that have been hit by low commodity prices and slowing demand in the past few years.</p><p></p><p>"While a number of our end markets remain challenged, construction in China and gas compression in North America were highlights in the quarter," CEO Jim Umpleby said in a statement.</p><p></p><p>"Mining and oil-related activities have come off of recent lows, and we are seeing improving demand for construction in most regions."</p><p></p><p>Total sales rose by 9.6% to $11.33 billion and handily beat analysts' average estimate of $10.93 billion, according to Thomson Reuters I/B/E/S.</p><p></p><p>Sales from Asia Pacific, Caterpillar's third-biggest market, jumped 23% in the quarter, boosted by an increase in construction equipment sales in China.</p><p></p><p>Demand for construction equipment in China is gaining momentum after bottoming out last year, driven by a Beijing-backed infrastructure push, a housing boom, and increased investment linked to China's modern-day "Silk Road."</p><p></p><p>Sales in North America, its biggest market, were up 7%, largely because of improving demand from the mining and energy industries.</p><p></p><p>US industrial companies are expected to gain from President Donald Trump's pro-business proposals on infrastructure spending and tax cuts, but a political gridlock in Washington has stalled those plans.</p><p></p><p>The resource industries business, which makes mining equipment, reported the biggest jump in sales in the quarter compared with a year earlier, led by Asia Pacific.</p><p></p><p>Caterpillar said it had raised expectations for 2017 adjusted earnings to about $5 a share, up from the $3.75 it had previously forecast.</p><p></p><p>The company lifted its full-year sales and revenue forecast to a range of $42 billion to $44 billion from its previous forecast of $38 billion to $41 billion.</p><p></p><p>Net income rose about 46% to $802 million. Excluding items, Caterpillar earned $1.49 a share, handsomely beating the average estimate of $1.26 a share.</p><p></p><p>Caterpillar's shares were up 5% at $113.48 in premarket trading. Up to Monday's close the stock had gained 16.6% this year, outperforming the Dow's 9% rise.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3015120, member: 7248"] Or what about this: [SIZE=6][B]Caterpillar crushes earnings, boosts its outlook for the rest of the year[/B][/SIZE] [LIST] [*]Jul. 25, 2017, 7:46 AM [*]2,302 [/LIST] [IMG]https://www.okshooters.com/data/MetaMirrorCache/static1.businessinsider.com_image_58ff359f7522ca1b008b5fae_53827fbade50dc90053765c73bf757efa0e.jpg[/IMG]Thomson Reuters CAT Caterpillar 114.00 -0.09 (-0.10 %) [URL='https://www.okshooters.com/safari-reader://www.businessinsider.com/disclaimer-finance']Disclaimer[/URL] Get real-time CAT charts here » [URL='http://markets.businessinsider.com/stock/cat-Quote']Caterpillar[/URL] has smashed Wall Street's profit estimates and raised its full-year forecast for the second time, driven by improving demand in China and a recovery in mining activity. Shares of the world's largest construction and mining equipment maker rose 5.6% in premarket trading on Tuesday. Caterpillar's strong results underscore a turnaround in its main businesses that have been hit by low commodity prices and slowing demand in the past few years. "While a number of our end markets remain challenged, construction in China and gas compression in North America were highlights in the quarter," CEO Jim Umpleby said in a statement. "Mining and oil-related activities have come off of recent lows, and we are seeing improving demand for construction in most regions." Total sales rose by 9.6% to $11.33 billion and handily beat analysts' average estimate of $10.93 billion, according to Thomson Reuters I/B/E/S. Sales from Asia Pacific, Caterpillar's third-biggest market, jumped 23% in the quarter, boosted by an increase in construction equipment sales in China. Demand for construction equipment in China is gaining momentum after bottoming out last year, driven by a Beijing-backed infrastructure push, a housing boom, and increased investment linked to China's modern-day "Silk Road." Sales in North America, its biggest market, were up 7%, largely because of improving demand from the mining and energy industries. US industrial companies are expected to gain from President Donald Trump's pro-business proposals on infrastructure spending and tax cuts, but a political gridlock in Washington has stalled those plans. The resource industries business, which makes mining equipment, reported the biggest jump in sales in the quarter compared with a year earlier, led by Asia Pacific. Caterpillar said it had raised expectations for 2017 adjusted earnings to about $5 a share, up from the $3.75 it had previously forecast. The company lifted its full-year sales and revenue forecast to a range of $42 billion to $44 billion from its previous forecast of $38 billion to $41 billion. Net income rose about 46% to $802 million. Excluding items, Caterpillar earned $1.49 a share, handsomely beating the average estimate of $1.26 a share. Caterpillar's shares were up 5% at $113.48 in premarket trading. Up to Monday's close the stock had gained 16.6% this year, outperforming the Dow's 9% rise. [/QUOTE]
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