Caterpillar Inc, the world’s biggest construction and mining equipment maker, reported a 25 percent jump in quarterly revenue on Tuesday, driven by soaring demand for its construction equipment.
The company also raised its 2017 revenue forecast for a third time this year.
Profit attributable to common stockholders rose to $ 1.06 billion, or $ 1.77 per share, in the third quarter ended Sept. 30, from $ 283 million, or 48 cents per share, a year earlier.
Excluding restructuring costs, Caterpillar earned $ 1.95 per share, compared with 85 cents per share, a year earlier.
Total sales and revenue rose to $ 11.41 billion.
(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)
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