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U.S. Morning Call: Caterpillar Q3 profit jumps 50%

Monday, October 22, 2012 - 03:10

Oct 22 - Caterpillar said its quarterly profit rose nearly 50 percent due in part to higher sales in the United States and price increases, but the tractor maker missed earnings estimates.

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Its earnings earnings and more earnings with over 150. S&P 500 companies reporting this week. Let's get up your morning call for Monday with results just in from caterpillar. Caterpillar is -- profit rose nearly 50%. Due in part to higher sales in the United States and price increases. For the third quarter the company posted profit of one point seven billion or two dollars and 54 cents per share. Compared with one point 14 billion or a dollar 71 per share in the year ago period. Revenue rose 5% to sixteen point 45 billion shares are trading lower in premarket. Moving on Hasbro toy with the quarterly loss this morning the second largest US -- suffered from declining sales -- boys and preschool product lines. And Freeport-McMoRan. Report shortly as well. Analysts polled by storm -- expect earnings per share economy in two point 8% above the street estimate of 72 cents. More results come after the bell. All eyes will be on Marissa Mayer when she makes her first appearance as Yahoo! CEO. Market watchers -- timeline for her plans to revitalize the troubled -- company. The former Google executive is expected to shift Yahoo!'s focus to technology and product development. From the media centric approach embraced by her predecessor. Also reporting after the bell Texas Instruments star -- expects earnings per share -- clock in at 46 cents. That's just point 6% surprise from the mean estimate. Wall Street likely to take its cues from quarterly reports today. For now US stock futures edging up after marking their worst close in five months on Friday. President Obama and governor Mitt Romney are sent to tackle foreign policy issues tonight in Boca Raton Florida. With only fifteen days left for the November 2012 elections. The stakes are -- usually -- with the two candidates running neck and neck in the latest polls. And just and other merger Monday. Premier adding Ancestry.Com. It's spamming tree the European PE firm by the website for one point six billion. The goal expand the company's subscriber base in Western Europe. And -- deeper archives and search technology. You talk eight Ancestry.Com. We'll carry about one billion in debt as a result of the buy out. According to a source familiar with the deal and finally US ad giant AD and bidding on Australia's -- court green court is reviewing the offer from eighty yen. Which already at 15% stake in the firm. Shares of the -- green him rose over 43%. In early trade on the -- stock market. Coming up later today the new editor of Reuters breaking views rob Cox interviews controversial former vice president of Goldman Sachs Greg Smith. About his new book and his criticism of the bank's culture. That's -- Monday morning call for more news follow us on Twitter at Reuters Insider and check out our orders YouTube channel. At Reuters dot com slash Reuters TV I'm Lisa Bernard it is Reuters.

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U.S. Morning Call: Caterpillar Q3 profit jumps 50%

Monday, October 22, 2012 - 03:10