For Investors Only: Caterpillar Earnings Soar -- The Bakken, North Dakota USA

CAT earnings soar.

They're selling a lot of Caterpillar equipment out here in the Bakken. I assume the same in the Niobrara, the Eagle Ford, and Marcellus.

The Peoria, Ill. company says it earned $1.14 billion, or $1.71 per share, compared with $792 million, or $1.22 per share, in 2010.

Revenue surged 41 percent to $15.72 billion.

Analysts were expecting a profit of $1.63 per share on $14.84 billion in sales.