ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAT Stock Price » CAT Stock News

Caterpillar Share News

 Caterpillar Inc. Stock Price
CAT Stock Price
 Caterpillar Inc. Stock Chart
CAT Stock Chart
 Caterpillar Inc. Stock News
CAT Stock News
 Caterpillar Inc. Company Information
CAT Company Information
 Caterpillar Inc. Stock Trades
CAT Stock Trades

Caterpillar Sales Up 11%

Demand for Caterpillar Inc.'s (CAT) construction and mining equipment in North America continues to outpace other regions of the world, but is showing signs of weakening as the company Tuesday reported an 11% increase in total sales in the three months to the end of June. It was the 25th straight three-month period of retail sales growth for the world's largest seller of bulldozers, excavators and wheel loaders. But growth has been decelerating lately in most of Caterpillar's geographic markets, as tougher year-earlier comparisons and deteriorating economic conditions, particularly in Europe and Latin America, hold down sales increases. World-wide dealer-reported machinery sales climbed 11% and 12% from a year earlier for the three months ended in May and April, respectively. North America, which is the company's largest geographic market, continued to be the company's strongest market. But sales weakened against recent months. North America sales rose 24% in the three months to June 30, following a 31% increase in May and a 32% increase in April. Caterpillar has attributed North America's sales performance to the replacement of worn-out machinery whose life cycle was extended because of the 2008 economic recession. Caterpillar dealers also have expanded their inventories of machinery and increased or replaced their rental fleets. But the weakening sales growth compared with prior months suggests that the run up in North America sales is running out of momentum. Sales in Latin America continued to be weak but improving in the midst of tough economic conditions, especially in Brazil. Caterpillar's June sales from the region were down 3% from a year earlier, following a 6% decline during May and a 13% decrease in April. Sales growth in Europe, Africa and the Middle East weakened further from recent months. June sales were flat with a year ago, after increasing 4% during May and rising 14% in April. Asia Pacific sales rose 16% in June as China's dismal construction machinery market benefited from easier year-ago sales comparisons. Sales from the region rose 5% during both the May and April periods. Caterpillar's engine business remained choppy, as overall sales rose 7% in the May period, after increasing 2% in May and rising 5% in April. Sales of engines for generating electric power dropped 11% during June, after falling 19% during the May period and slipping 15% in April. Transportation industry sales, which includes engines for ships and railroad locomotives, rose 19% during the June period, following a 9% increase during the May period and an 14% increase in April. Caterpillar's stock Tuesday opened up 1.5 at $82.84 a share. Write to Bob Tita at robert.tita@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Caterpillar (CAT)
DateTimeHeadline
04/24/201417:00:13MARKET SNAPSHOT: U.S. Stocks End Choppy Session Higher
04/24/201416:05:23Caterpillar Reports Higher-Than-Expected Profit -- 3rd Update
04/24/201415:35:42U.S. Stocks Rise, Buoyed by Apple Results
04/24/201413:50:51Caterpillar Reports Higher-Than-Expected Profit -- 2nd Update
04/24/201412:37:58MARKET SNAPSHOT: U.S. Stocks Rebound; Nasdaq Leads Gains
04/24/201411:24:13MARKET SNAPSHOT: U.S. Stocks Fluctuate On Russia Worries
04/24/201410:33:36MARKET SNAPSHOT: U.S. Stocks Slip On Russia Worries
04/24/201409:41:09U.S. Hot Stocks: Hot Stocks to Watch
04/24/201409:10:18Caterpillar CEO: Business is Building in China Across All Sectors...
04/24/201408:19:47Caterpillar Reports Higher-Than-Expected Profit -- Update
04/21/201417:31:21MARKET SNAPSHOT: Stocks Rise; S&P 500 In Longest Win Streak In...
04/21/201417:20:09MARKET SNAPSHOT: U.S. Stocks Edge Up; Halliburton Rallies
04/21/201417:08:40MARKET SNAPSHOT: U.S. Stocks Pare Gains; Halliburton Rallies
04/21/201415:53:35MARKET SNAPSHOT: U.S. Stocks Rise As Results From Halliburton...
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...
03/27/201419:00:26Caterpillar Likely to Get Republican Support on Tax Issue
03/24/201416:41:14Senate Panel to Look at Caterpillar Tax Strategy
03/20/201413:50:54Caterpillar Says Dealer Sales Down
03/20/201413:50:28Caterpillar Says Dealer Sales Fell 8% in Latest 3 Months
02/26/201415:13:36MARKET SNAPSHOT: U.S. Stocks Pare Gains In Late Trade

Caterpillar and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad