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Caterpillar reports strong 4Q, full-year 2021 results in earnings report

Caterpillar reported strong fourth-quarter results on Friday, beating Wall Street expectations, but the company's share prices were down Friday morning.

Caterpillar reported fourth-quarter 2021 sales and revenues were up 23 percent from 2020. Full year sales were 51 billion, up 22 percent from last year.

Adjusted profit per share was $2.69, up from $2.12 cents the previous year.

The company's earnings report didn't provide forward-looking guidance for the year ahead. Financial news site Barron's reports analysts and investors are looking for that information.

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Tim is the News Director at WCBU Peoria Public Radio.