STRONG SALES: Caterpillar said strong demand for its heavy equipment, especially in developing countries, helped its second-quarter profit surge 44 percent to $1.02 billion, or $1.52 per share. Total revenue grew 37 percent to $14.2 billion.
BUT NOT STRONG ENOUGH: The cost of Caterpillar's Bucyrus acquisition reduced the company's quarterly profit and hurt the 2011 outlook. The quarterly results also fell short of Wall Street expectations.
POSITIVE PICTURE: Caterpillar officials remain optimistic about the company's long-term future because of the current strong demand for its equipment and the addition of Bucyrus, which gives the company a full line of mining equipment.