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tdp2664 E money daily Caterpillar (NYSE:CAT) recorded 60 percent profit rise in its fourth quarter. Caterpillar (NYSE:CAT) Sees Profits Soar Caterpillar (NYSE:CAT), the Illinois-based world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines, has reportedly recorded a 60 percent profit hike in its fourth quarter earnings. Caterpillar (NYSE:CAT) has reported that the surge in profit is an indicator of the strength of the global economy and they are expecting better results this year as the world economy is growing fast. Caterpillar Inc. (NYSE:CAT) stocks were at 111.31 at the end of the last day’s trading. There’s been a 19.1% movement in the stock price over the past 3 months. Caterpillar Inc. (NYSE:CAT) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.66 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.74 Zack’s Rank: 1 out of 8 in the industry
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