Caterpillar reports $1.49 EPS, Sees Flat 2009
Earnings were a few pennies less than expected, but CEO Jim Owens confirmed the earlier target of $6.00 EPS for the full year, and sees “flat” sales results for 2009. As I expected, record sales outside the U.S. continued, while Owens notes that the U.S. and Europe are in “recessionary periods”.
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