Caterpillar SMASHES Earnings, Full Year Outlook Raised


There’s another one.

Caterpillar just smashed earnings, reporting EPS of $1.85, which was $.55 ahead of estimates.

The company also raised its outlook, which is key: Revenue for the year is expected to be  $25-$54 billion, up from current estimates of $50 billion.

The full year outlook takes into account a modest negative impact form Japan.

Yes, higher commodity prices did hurt, but the company was able to offset that by “continued improvements in variable labour efficiencies.” I.E.: Bad news for workers.