Caterpillar tops estimate, sees gains in 2014; stock up

Comments (6)
bertanderson wrote:

Generally the results are better than estimated. No a stellar report by the CEO on growth. Sounds like they are trimming back because of the uncertainty. Revenue is down 10%, that’s significant in my opinion and the CEO indicated that the mining industry is not buying new equipment. With interest rates increasing, there maybe a slowing down in housing and building which means less Caterpillar equipment. He really didn’t give any good reasons why he thought 2014 would be better.

Jan 27, 2014 8:30am EST  --  Report as abuse
bertanderson wrote:

Looks like LG missed profits. How can LG miss, I have 3 of their TVs myself. If LG is missing, that tells me that technology is slowing which seems to be occurring. That means that people are worried about the economy and luxury items are slowing.

Jan 27, 2014 8:38am EST  --  Report as abuse
mountainrose wrote:

Yr over yr revenues down 16%.

Jan 27, 2014 8:59am EST  --  Report as abuse
agables wrote:

The only reason why they were able to post profits was because they cut 10,000 jobs saving them money. Any company aiming to please profit hungry investors by cutting jobs should be ashamed and be heavily fined.

Down with the investor hungry mentality!

Jan 27, 2014 12:18pm EST  --  Report as abuse
catscat.net wrote:

If taken over a Ten year average, profits are still hitting record highs… I guess it is no longer Customer first, Employees and company next, but investors first.

Jan 27, 2014 4:52pm EST  --  Report as abuse
Jaay wrote:

Why is news about cutting 10,000 jobs, almost
10% of its workforce, considered news.

Oberhelman is a union buster. He likes to talk
tough and fire people.

Corporate profits should not be highlighted
by Reuters.

Jan 27, 2014 5:31pm EST  --  Report as abuse
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