Caterpillar 4Q Net Jumps 11%, Backs Outlook

Heavy-equipment maker posts net profit of $975 million, or $1.50 a share, driven by strong growth overseas. Revenue rises 10% to $12.14 billion, beating forecasts of $11.79 billion. Dow component says recession-like conditions are developing in the U.S., but believes growth will hold up outside the country and affirms its forecast for a 5% to 15% increase in 2008 earnings. Shares gain 2%.