by Bhavesh Jinadra by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: WEDNESDAY, January 27, 1993 TAG: 9301270045 SECTION: BUSINESS PAGE: A9 EDITION: METRO SOURCE: DATELINE: LENGTH: Short
REPORTED EARNINGS
Caterpillar Inc.Caterpillar Inc., Peoria, Ill.-based parent of Carter Machinery Co. of Salem, reported a loss in 1992 of $190 million, equal to $1.88 per share of common stock, excluding the effects of new accounting standards. This compared with a loss of $404 million, or $4 a share in 1991. Consolidated sales and revenues were $10.19 billion, even with 1991 results.
In the fourth quarter, the loss was $2 million, or 2 cents per share, compared with $318 million, or $3.16 per share, a year earlier. Sales and revenues of $2.73 billion were $276 million higher than the same period a year ago.