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Caterpillar Rebounds From Loss, Boosts Outlook
OMAHA, Neb. (AP) -- Heavy equipment maker Caterpillar signaled the economy is improving by boosting its outlook for the year and rebounding from last year's first-quarter loss with a $233 million profit in the first quarter.

Peoria-based Caterpillar said Monday it generated $233 million, or 36 cents per share, net income. That's up from last year's loss of $112 million, or 19 cents per share, as the recession and layoff costs weighed down results.

This year's results were hurt by a one-time $90 million tax accounting charge. Without that, Caterpillar would have generated 50 cents per share profit.

Growth in Asia and Latin America prompted Caterpillar to boost its profit outlook to between $2.50 and $3.25 per share. That's up from $2.50 per share.

On the Net:
Caterpillar Inc.: www.cat.com

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04 26 10 by Newsroom
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