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Good Times For Caterpillar

Posted by wlpo on October 24, 2011

Caterpillar is raising its outlook for the full year as it reports a 44 percent jump in third-quarter profit, driven by surging exports of its machinery.

The world’s largest maker of construction and mining equipment also says it is continuing to add jobs – nearly 5,000 between June and September alone. The Peoria company says it earned $1.14 billion, or $1.71 per share, compared with $792 million, or $1.22 per share, in 2010.

Revenue surged 41 percent.

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