Monday, April 26, 2010

Caterpillar: The Rest Of The World Is Coming Back Fast, But Boy, America Is Horrible

Expect a lot more of the same.
Shares of Caterpillar (CAT) are up 3% pre-market after the earth-moving company reported strong earnings and raised its outlook.

The numbers seem to be providing a lift to the overall market, but check out the internal numbers, and you see a WIDE disparity between what's going on globally, and what's going on domestically.

Asia/Pacific – Sales increased $469 million, or 40 percent.

North America – Sales decreased $326 million, or 15 percent.

No comments: