Key facts
- Caterpillar's third-quarter adjusted profit was $7.20 per share.
- Profit a year earlier was $4.95 per share.
- Demand for power equipment, turbines, and construction machinery was strong.
Caterpillar Inc. reported a higher profit for the third quarter, driven by robust demand for its power equipment, turbines, and construction machinery. The company, considered a bellwether for the global industrial economy, announced an adjusted profit of $7.20 per share for the period ending in September, a significant increase from $4.95 per share in the same quarter of the previous year. Analysts had expected earnings of $7.06 per share on revenue of $20.76 billion.