7/21/2009

Caterpillar posted a profit of $371 million, or 60 cents per share, for the second quarter. The equipment manufacturer's earnings exceeded analysts' expectations of 22 cents per share and returned the company to profitability after a net loss of $112 million in the first quarter. However, compared with the second quarter of last year, Caterpillar's profit was down 66% on weak sales.

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