CORRECTED – UPDATE 1-Caterpillar sees 2012 profit at $8-$10 per share

(Corrects 2012 EPS forecast to $8 to $10, paragraph 1)

* Sees 2012 revenue at $55 billion-$60 billion

* New CEO Oberhelman’s first big meeting with Wall Street

By James B. Kelleher

NEW YORK, Aug 19 (BestGrowthStock) – Caterpillar Inc (CAT.N: )
expects its revenue to reach $55 billion to $60 billion by
2012, with earnings hitting $8 to $10 per share, as long as the
recovery holds, the world’s largest maker of earth-moving
equipment said on Thursday.

The targets came ahead of new Chief Executive Officer Doug
Oberhelman’s first big meeting with Wall Street since taking
the reins from Jim Owens, who retired in June after six years
in the top job.

The event, normally held at Caterpillar’s headquarters in
Peoria, Illinois, moved to the New York Stock Exchange this
year and attracted about 150 representatives from sell-side and
buy-side firms.

Last month, Caterpillar, which makes earth-moving
equipment, locomotives and diesel engines and gas turbines,
reported a stronger-than-expected quarterly profit and raised
its full-year outlook, citing strong sales growth in emerging
markets, especially from customers in mining and energy.
(Reporting by James Kelleher, writing by Scott Malone. Editing
by Robert MacMillan)

CORRECTED – UPDATE 1-Caterpillar sees 2012 profit at $8-$10 per share