updated 10/19/2007 9:15:09 AM ET 2007-10-19T13:15:09

Caterpillar Inc., one of the world's largest construction equipment makers, said Friday its third-quarter earnings rose 21 percent as strength in its integrated service business offset weakness in North America.

The company, which also cut its full-year outlook, earned $927 million, or $1.40 per share, compared with $769 million, or $1.14 per share in the year-ago quarter.

Revenue increased 9 percent to $11.44 billion, from $10.52 billion in the prior-year period. The company cited strength in integrated services, which is its business that combines financial services, parts, logistics and other operations.

Analysts were expecting a profit of $1.43 per share on revenue of $11.19 billion, according to a Thomson Financial poll.

For the full-year, the company expects to earn $5.20 to $5.60 per share, compared with previous guidance of $5.30 to $5.80 per share.

The company still anticipates revenue of about $44 billion.

Analysts polled by Thomson Financial expect a profit of $5.44 per share on revenue of $44.41 billion.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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