Caterpillar profit beats view, raises outlook; shares surge

Caterpillar Inc (CAT.N) shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries.

Sales to those markets offset continued weak sales of its earth-moving machines to the mining industry, a market Caterpillar bet on heavily through acquisitions in 2010 and 2011 - right before a slump in commodity prices prompted resource companies to slash their investment in new equipment.

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Focus on... John Deere

John Deere recently announced a new Z997R Diesel ZTrak Mower that will offer commercial landscapers a powerful zero-turn solution to minimize downtime, decrease operating costs and improve performance.

The Z997R will be available for purchase in spring 2015, featuring a powerful 37.4 hp. This mower will be equipped with a Final Tier 4 diesel engine to provide customers with a large zero-turn mower in all conditions, including tall and wet grass. The Z997R is available with a 60-inch or 72-inch 7-Iron PRO side discharge deck, an industry exclusive 60-inch 7-Iron PRO Mulch On Demand deck, or a 60-inch 7-gauge fabricated rear discharge deck.

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Wilson Equipment Co. of Lexington, KY, has reported a couple of stolen backhoes. The information on the units, including the serial numbers are:

2012 – Case 580N Tractor Loader Backhoe – NCC560553
2012 – Case 580N Tractor Loader Backhoe – NCC560666

If you have any information, please contact Wilson Equipment at 800-432-0913.

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