CHAMPAIGN, Ill. (AP) -- Construction-equipment maker and economic bellwether Caterpillar Inc. said Friday that it expects resilient overseas economies to drive strong sales and profit growth this year, even as the United States teeters toward recession.
The company said its fourth-quarter earnings rose 11 percent on strong international sales, helped along by a weak U.S. dollar that makes American products more affordable.
Peoria, Ill.-based Caterpillar's earnings report followed similar, good-new-, bad-news reports from other major manufacturers this month, all of them struggling at home but riding a wave of growth abroad.
The company earned $975 million, or $1.50 per share, compared with $882 million, or $1.32 per share a year earlier.
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http://biz.yahoo.com/ap/080125/earns_caterpillar.html
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