Earnings, Culture and the Lesson of Caterpillar

No one was expecting good news to come out of Caterpillar’s earnings report today, but it was better than expected, as I wrote in this piece about the company’s new hybrid tractor, the D7E. The company reported a 66% drop in Q2 sales compared to last year. But here’s the : CAT beat analyst estimates, raised its 2009 forecast, and saw its shares jump $4.13, or nearly 11.3 percent, to $40.78 in pre-market trading.

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