Caterpillar Diggin It
Semi good news... the world's largest maker of bulldozers and excavators,
said Q1 profit rose 13%, sales +18%; beating estimates as sales grew faster in Asia +37% and Europe +30%; than in North America +4%.
International sales 58% of total revenue; CEO Jim Owens said: the U.S. is "currently weathering a recessionary storm" triggered by a housing slump
and that North American sales may be below the company's previous projection.
said Q1 profit rose 13%, sales +18%; beating estimates as sales grew faster in Asia +37% and Europe +30%; than in North America +4%.
International sales 58% of total revenue; CEO Jim Owens said: the U.S. is "currently weathering a recessionary storm" triggered by a housing slump
and that North American sales may be below the company's previous projection.
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