UPDATE 1-Hitachi Construction results outshine Caterpillar


(Recasts headline, adds details) TOKYO, July 26 (Reuters) - Japan's Hitachi Construction Machinery Co. , a rival of Caterpillar Inc. , lifted its full-year profit forecast on Thursday, saying robust demand for excavators in Asia and Europe will likely offset the impact of a slowdown in the U.S. housing market. Hitachi Construction, a unit of Hitachi Ltd. and one of the Japanese electronics conglomerate's few money-making operations, also said a softer yen will likely help push up its ...

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