Great results from Caterpillar (NYSE: CAT) good read across for Titan Europe (LON:TSW)?
Great results from Caterpillar (NYSE: CAT) today with a highly positive outlook suggests that AIM quoted Titan Europe (LON:TSW), the maker of steel wheels and undercarriages for off highway vehicles, could also be benefiting; Caterpillar is a major client of TSW.
Caterpillar Inc. (NYSE: CAT) reported a third-quarter profit of $792 million, 96 percent higher than the third-quarter 2009 profit of $404 million. Profit per share was $1.22 (Consensus was $1.09), an increase from $0.64 per share in the third quarter of 2009. Sales and revenues of $11.134 billion were up 53 percent from $7.298 billion in the third quarter of 2009.
Management commented that “Third-quarter results continue to demonstrate our focus on aggressively managing costs…
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