Why Caterpillar (CAT) Stock Is Climbing Today

NEW YORK (TheStreet) -- Caterpillar (CAT) shares are up 3.7% to $107.17 in early market trading following the release of the company's earnings report on Thursday.

The construction and mining equipment manufacturer posted first quarter revenue of $13.24 billion, beating analysts expectations of $13.14 billion.

The company posted a first quarter profit of $922 million, or $1.61 (excluding restructuring costs), beating analysts estimates by 37 cents.

Caterpillar also raised its full year profit outlook to $6.10 up 25 cents from its previous outlook, citing growing demand from builders as a reason for the more optimistic guidance.

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TheStreet Ratings team rates CATERPILLAR INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CATERPILLAR INC (CAT) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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