SOURCE: Industrial Info Resources

Industrial Info Resources

April 27, 2010 05:10 ET

Caterpillar Reports Solid First Quarter 2010, Rebounds From Miserable 2009 and Sees Bright Future, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 27, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Machinery and engine manufacturer Caterpillar Incorporated (NYSE:CAT) (Peoria, Illinois) reported strong profits for first-quarter 2010, despite a dip in revenue and a $90 million after-tax charge related to Medicare subsidy tax changes in the recently signed U.S. health care law. Net income for the quarter was $233 million, compared with a loss of $112 million in the same period last year. Industrial Info is tracking about $340 million in active Caterpillar projects.

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