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Caterpillar 3Q Earnings Beat Estimates

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  • Description

    FBN’s Diane Macedo breaks down Caterpillar’s third-quarter earnings results.

  • Duration 1:34
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Hi everyone I'm -- -- -- we just got earnings in from Caterpillar the heavy machinery makers reporting a profit of two dollars if -- -- cents a share beating the estimate for two dollars 22 cents.

Revenue though with a slight miss coming in at sixteen point 45 billion dollars the estimate there was for sixteen point 76 billion dollars.

But also -- -- -- -- from Hasbro -- third quarter results their topped estimates on both the top and bottom lines the second largest US toy maker says it made an adjusted profit.

Of one dollar 28 cents a share eight cents above -- forecast revenue excluding unfavorable foreign exchange rates totaled one point 39 billion.

And Saudi prince Al Waleed bin -- loses Citigroup shareholder reportedly says he believes the US bank.

Has great potential under new management following the departure of Vikram Pandit as -- executive.

Reuters spoke of -- is saying -- it did pretty good job over the past several years and investors will need two to three years to see if the results of the new management pay off.

And it was absent last week along with the company's chief operating officer in an unexpected shake up.

An investor group led by private equity firm premier advisors is acquiring Ancestry.Com.

For one point six billion dollars.

The deal comes to 32 dollars a share in nearly 10% premium from the stock's close on Friday.

Ancestry.Com helps users Trace their family roots by looking through online records and sources say the buyers in to expand that service in Western Europe.

Here's a look at futures now we've been seeing green house across the board all morning Dow futures now up by 34 the S and he's up by five and the NASDAQ up six.

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