Improving Construction Industry Boosts Caterpillar's Earnings
Caterpillar reported net profit of $922 million, or $1.61 a share, for the quarter, topping its results from the same period a year ago and analyst expectations for profit of $1.24 a share.
Shares of Caterpillar are climbing on Thursday after the construction equipment company reported first-quarter results that beat analyst estimates. Caterpillar reported net profit of $922 million, or $1.61 a share, for the quarter, topping its results from the same period a year ago and analyst expectations for profit of $1.24 a share, according to Thomson Reuters. The company also raised its full-year earnings forecast to $6.10 a share, from $5.85 on growing demand from builders.
