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Komatsu Ltd said first-quarter profit surged on a 'dynamic' expansion of sales in China, where a housing boom and Beijing's push to create a modern Silk Road trading route is driving robust demand for makers of earth-moving equipment. It said, however, that the pace of growth in Chinese demand for construction and mining machinery this business year was set to moderate sharply, to around 5-10 percent, after 55 percent growth last year.
Japan's Komatsu Ltd reported a 76 percent surge in first-quarter profit due to a doubling in sales of earth-moving equipment in China, the latest sign of a global recovery in spending in the construction ...
iRobot Corporation (IRBT) was a big mover last session, as the company saw its shares rise over 21% on the day.