Rochester, NY 8/4/2009 9:48:40 PM
Caterpillar Inc. CAT, Caterpillar forecasts for profitable market range
Caterpillar Inc. CAT
Caterpillar Inc. said Tuesday that it "expects profits in the $8-10 per-share range within five years if the global economy experiences a 'normal' recovery cycle." If there is a recession, Caterpillar says it "has implemented plans to generate annual profits of $2.50 per share."
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In addition, the heavy-machine maker reaffirmed its 2009 outlook for sales and revenues in a range of $32 to $36 billion with a 2009 profit range of 40 cents to $1.50 a share including redundancy costs of about 75 cents a share.
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