Caterpillar Looks Strong Despite Euro Woes [Analysis]

HFA Padded
Hira Shahnawaz Akhtar
Published on
Updated on

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. However, a bleak outlook was maintained for the next two quarters, with revenue forecasts revised downwards from the range of $68 to $72 billion, to $68 to $70 billion. The dues built up to 3.35% from 3.19% in Q1 and 2.89% at the end of…

On This Page

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.