News Summary

Shares of Caterpillar Inc CAT gained about 0.1% after the company reported better-than-expected quarterly results. CAT reported its Q4 profit at $968 million, or $1.47 per share, up from $232 million, or $0.36 per share, in the year-ago quarter. The company's revenue surged 62% to $12.81 billion. However, analysts were expecting earnings of $1.27 per share on revenue of $11.72 billion. Caterpillar projects its 2011 profit of $6 per share, compared with its 2010 level of $4.15 per share. However, analysts estimated 2011 earnings of $5.84 per share. Shares of Colgate-Palmolive Co CL dropped about 2.5% after the company's Q4 profit declined to $624 million, or $1.24 per share, from $631 million, or $1.21 per share, in the year-ago quarter. The company's sales dropped 2.5% y/y to $3.98 billion. However, analysts expected earnings of $1.23 per share on sales of $4.07 billion. Shares of JetBlue Airways Corp JBLU dropped about 1.2% after the airline reported weaker-than-expected quarterly profit. JBLU's profit dropped to $9 million, or $0.03 per share, from $11 million, or $0.04 per share, in the year-earlier quarter. However, analysts were expecting earnings of $0.06 per share. The company's revenue came in at $940 million, up from $833 million, in the year-ago period. JBLU's unit revenue increased 7.4% while unit costs increased 7.6%. Excluding fuel, JBLU's unit costs increased 3.6%. The airline projects Q1 unit costs to increase by 11% to 13%. Read more from Benzinga's Markets.