Caterpillar Looks Strong Despite Euro Woes [Analysis]Hira Shahnawaz Akhtar
Amidst the global turmoil in the construction industry, Caterpillar Inc (NYSE:CAT) announced a 67% increase in its second-quarter profits for 2012 on Wednesday. Caterpillar Inc (NYSE:CAT) even improved its forward-looking estimates for annual profit per share for 2012, to $9.60 from $9.50. Following this announcement, Caterpillar Inc (NYSE:CAT) went up 2.86% and closed on Thursday at $83.30.
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