Caterpillar Profit Quadruples, Outlook Positive

Fourth-quarter revenue rose 62% revenue to $12.81 billion, with a profit of $968 million.

NEW YORK (MarketWatch) -- Caterpillar Inc. (CAT) said its fourth-quarter profit quadrupled to $968 million, or $1.47 a share, from $232 million, or 36 cents a share, in the year-ago period. Revenue rose 62% to $12.81 billion.

Wall Street analysts expected the Peoria, Ill. maker of bulldozers to earn $1.27 a share on revenue of $11.72 billion, according to a survey by FactSet Research. Caterpillar said it expects 2011 profit of $6 a share, up from its 2010 level of $4.15 a share. Wall Street analysts expected 2011 earnings of $5.84 a share from the company.

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