Caterpillar - not too dozy
Peoria, Illinois-based Caterpillar Inc. reported 1st Qtr earnings today and said "exceptional growth" outside North America was offsetting weakness in the U.S. residential housing and truck engine markets.
Shares surged 5.2%up $3.54 at $72.16
While net profit fell to US$816 million, or US$1.23 a share, from US$840 million, or US$1.20 a share, but Sales and revenue rose 7 % to US$10.02 billion.
Results showed while North American trucks and housing are "material markets," they're "not all that important because Caterpillar is so international and so diversified."Thx to Caterpillar for calling by at 7.41 this am.
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