CAT's Q04 2011 Earnings Far Exceeds Expectations

Caterpillar Inc (NYSE: CAT) posted Q04 2011 Profit and Revenue far exceeding expectations. The world’s largest heavy machinery maker reported a 58% surge in Net Income to USD 1.55B or USD 2.32 per share, surpassing analysts’ estimate for USD 1.73 a share. Sales rose 35% to USD 17.24B, versus USD 16.05B expected.