Bought 100 shares, sold c. call
bought 100 shares, sold c. call
what is it
Caterpillar announced revenues of $640 million for the first quarter of 2011, a 1% improvement from revenues posted in the first quarter of 2010 which totaled $631 million. Profit increased by $30 million for the quarter, totaling $83 million after tax for Q1. Profits for the first quarter of last year were $53 million; this marks a 57% increase in profits between Q1 FY 2011 and Q1 FY 2010. Total assets remained approximately constant between the two years. In 2011, total assets equaled $29.380 billion compared to $29.450 million for the first quarter of 2010. Gains in revenues were driven primarily by $24 million in earnings from the repossession of capital.
Caterpillar announced revenues of $640 million for the third quarter of 2010. These revenues represent a 5% or $36 million decrease in revenues from the third quarter of the previous year. Profit for the third quarter also decreased when compared to year-ago results. Q3 profit decreased by $3 million to $73 million for the quarter. Losses were driven primarily by decreased earning assets and lower interest rates, both of which totaled $104 million in losses for Caterpillar in the third quarter. Profit, however, increased as compared to year-ago results. Profit for the third quarter was $89 million as compared to $80 million the previous year.
Caterpillar announced a profit of $707 million for the second quarter of 2010, a 91% increase from year ago results. This profit was driven by a 31% increase in sales and revenues which totaled $10.4 billion for the quarter, an increase of $2.4 billion from $7.9 billion in the second quarter of the previous year. Sales volume primarily helped drive growth in the second quarter of 2010, increasing by $2.3 billion for the quarter. Machinery and Engine sales increased by 34% for the quarter culminating at $9.7 billion as compared to $7.3 billion in year ago results. Financial products revenues, however, decreased by 5% to $686 million from $721 million the previous year, partially offsetting total quarterly sales and revenues.
Caterpillar announced it would lay-off another 5000 people, on top of a previously-announced 15,000 job cut.
Caterpillar Inc. saw a 6% decrease in third quarter profits at $868 million, compared to $927 million in 2007. This comes despite the company achieving record sales worldwide. The main reasons for the decline were higher steel and freight charges.
01/26/2007 - 11/16/2006: CAT reaffirms previously stated profitable expectations for the upcoming fiscal year.
Caterpillar posts earnings growth of 15%. Shares drop, however, when the company announces a lower earnings forcast due to a slumping US housing market.
Caterpillar posts a 21% drop in profit due in large part to falling construction equipment sales
CAT announces dividend payment, stock plummets, and investors realize the money would be better spent to expand to meet current demand.
