BREAKING: Caterpillar has announced 4th quarter and 2013 yearly financial results, as the downward financial trend continues. Fourth-quarter 2013 sales and revenues were $14.4 billion, down 10 percent from 16.1 billion in the fourth quarter of 2012. Profit per share in the fourth quarter of 2013 was $1.54, compared with profit per share of $1.04 in the fourth quarter of 2012. Sales and revenues for full-year 2013 were $55.7 billion, down 16 percent from $65.9 billion in 2012. CAT says the decline in sales and revenues was primarily driven by a sharp drop in sales of new machines for mining. Profit per share in 2013 was $5.75, down from $8.48 in 2012.
Posted on: Mon, 27 Jan 2014 12:43:37 +0000
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