IRVING, Texas (AP) — IRVING, Texas (AP) — Caterpillar Inc. (CAT) on Wednesday reported third-quarter profit of $2.3 billion.
The Irving, Texas-based company said it had net income of $4.88 per share. Earnings, adjusted for restructuring costs, came to $4.95 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.52 per share.
The construction equipment company posted revenue of $17.64 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $16.75 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT
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