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Earnings roundup: Caterpillar, Honeywell

By Associated Press
April 18, 2008 | Comments (0)

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Among the earnings stories for Friday, April 18, from AP Financial News:

CHICAGO (AP) _ Caterpillar Inc. parlayed an increased reliance on international markets to surprisingly strong sales and a 13 percent jump in first-quarter profits, impressing investors who expected the heavy equipment maker to be slowed more by the weak U.S. economy and dollar.

NEWARK, N.J. (AP) _ Diversified manufacturer Honeywell International Inc. on Friday reported that first-quarter profit rose 22 percent on higher sales, beating Wall Street forecasts.

HOUSTON (AP) _ Schlumberger Ltd., the world's largest oilfield services company, reported a nearly 14 percent rise in first-quarter income Friday, but results missed Wall Street forecasts and were seen as largely lackluster.

NEW YORK (AP) _ Shares of Cathay General Bancorp., which operates banks mostly in California, spiked Friday after first-quarter earnings beat Wall Street estimates.

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