Earnings Preview: Caterpillar

Published on Wednesday, 21 July 2010 11:12 Written by Christian Paolinetti

New York, July 21st (TradersHuddle.com) - Shares of Caterpillar, Inc. (NYSE:CAT) are trading higher by +1.64% ahead of its quarterly earnings release. Caterpillar, the largest earth moving equipment maker in the world is expected to release its quarterly results on July 22^nd.

Wall Street Analysts consensus calls for a profit of $0.85 a share on $9.8 billion revenue.

Caterpillar estimates have a range of $0.38 a share. The high estimate calls for profit of $1.05 a share and the low estimate is calling for a profit of $0.67 a share, a year ago for the quarter the company reported $0.72 a share.

Caterpillar Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry equipment. The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance. Caterpillar, the largest earth moving equipment maker in the world, distributes its products through a worldwide organization of dealers. The maker of bulldozers and excavators was founded in 1925 and headquartered in Peoria, IL.