Caterpillar Net Beats Estimates on Rising China Demand

"Caterpillar Inc., the world’s largest maker of construction equipment, posted fourth-quarter profit that topped analysts’ estimates as sales advanced in China, Australia and Latin America.

Net income rose fourfold to $968 million, or $1.47 a share, from $232 million, or 36 cents, a year earlier, the Peoria, Illinois-based company said in a statement today. The average estimate of 19 analysts in a Bloomberg survey was $1.28 a share."

--Bloomberg