Caterpillar Beats Profit Estimates
Caterpillar reported third-quarter profit that beat estimates, driven by strong demand for power-generation equipment. However, shares fell after the company maintained its annual growth forecast.
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CATERPILLAR INC reported third-quarter profit of $7.20 per share on Thursday morning, topping analyst estimates of $7.08 per share. Revenue rose 17% to $20.7 billion, driven by artificial intelligence-fueled demand for power-generation equipment.
