NEW YORK -- Caterpillar's marine engine sales rose 27 percent for the three months ended in August, according to a story on www.marketwatch.com Monday.
The company’s machinery dealer retail sales rose 19 percent and its engine sales rose 23 percent during that period, the company said, pointing to continuing demand in the energy, mining and construction industries.
North America machine sales rose 15 percent, compared with the same period in 2004, while sales increased 47 percent, 11 percent and 46 percent for the Asia-Pacific; Europe, Africa and Middle East; and Latin America regions, respectively, according to the story.
Caterpillar’s engine sales climbed 18 percent for truck and bus, 16 percent in petroleum and 40 percent in electric-power units.
"Caterpillar has yet to see any slowdown in industry conditions, likely benefiting from its favorable exposure to the energy, mining and nonresidential areas," J.P. Morgan analyst Gary McManus, who maintained a neutral rating on the shares, told MarketWatch.
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