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| Caterpillar reports 2Q sales and revenues of $11.356 billion Caterpillar Inc. reported record second-quarter sales and revenues of $11.356 billion. The company also reported profit of $823 million, or $1.24 per share, for the second quarter ending June 30, 2007. Sales and revenues of $11.356 billion increased $751 million from the second quarter of 2006. The increase was partially offset by a $1.063 billion decline in physical sales volume in North America. Profit of $823 million was down $223 million from the second quarter of 2006, and profit per share (PPS) decreased $0.28—from $1.52 per share in the second quarter of 2006 to $1.24. Caterpillar is maintaining its full-year outlook for profit per share. The company expects full-year sales and revenues of about $44 billion, up from $41.5 billion in 2006, and profit in a range of $5.30 to $5.80 per share, up from $5.17 per share in 2006. write your comments about the article :: © 2007 Construction News :: home page |