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One of the largest manufacturers of construction and mining equipment, American Caterpillar Inc., increased profit 8.2 times compared to 2017. Earnings rose to $6.147 billion. Earnings per share were $10.26 compared with $1.26 last year. Revenue simultaneously increased by 20.4% and reached $54.722 million. In the last quarter of the year, Caterpillar's profit exceeded $1 billion against $1.299 billion loss in 2017. Diluted earnings per share were $1.78, compared with a loss of $2.18 during the earnings period last year. The company increased its revenues by 11.2% to $14.342 billion. Caterpillar CEO, Jim Umpleby, called earnings per share in 2018 the best in the company's history. The company predicts earnings per share in 2019 at $11.75-12.75.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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