Caterpillar Profit Rises 44%

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Caterpillar Profit Rises 44%

by Wochit 0:32 mins

Caterpillar Profit Rises 44%

by Wochit 0:32 mins

Caterpillar Inc. said its fourth-quarter earnings rose 44% as the heavy-equipment maker cut costs to help offset a continuing decline in mining-machinery revenue. Shares rose more than 5% in premarket trading as the results topped consensus estimates, which had been revised lower in October when the company cut its outlook for 2013.

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