NEW YORK (Reuters) - Caterpillar Inc.'s (CAT.N: Quote, Profile, Research, Stock Buzz) revenue growth this year may come in at the higher end of the company's forecast, which calls for 2007 sales to be flat to up 5 percent, the company's chief executive said on Tuesday.
"It could well be at the higher end of that range, but in that range," Jim Owens told Reuters Television. He added: "We expect to continue to improve our margins this year as we get more efficiency in our manufacturing operations worldwide. We are continuing to run at full capacity for all of the larger end of our product line."
Asked about the U.S. stock market's decline on Tuesday, Owens told Reuters the fall does not change his expectation for slowing U.S. growth and generally strong global markets.
"A day's fluctuations on the stock market doesn't change my view," Owens said.
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