Caterpillar Profit Soars 91 Percent in Second Quarter

Published Friday, July 23, 2010

Caterpillar Inc. (NYSE: CAT) last week reported a second-quarter profit of $1.09 per share, an increase of $0.49 per share from a profit of $0.60 per share in the second quarter of 2009. Profit of $707 million was 91-percent higher than second-quarter 2009 profit of $371 million. Sales and revenues of $10.41 billion were up 31 percent from $7.98 billion in the second quarter of 2009. "We've been highly focused on three things this year — significantly increasing production in response to higher demand from our customers, particularly in developing economies, aggressively managing costs and driving ...

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