Caterpillar Profit Surges On Equipment Demand

Discussion in 'Stock Market Forum' started by Rob Phill, Oct 24, 2017.

  1. Rob Phill

    Rob Phill Member

    May 2017
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    $CAT's profit surged during 3Q17, helped by increased demand for equipment and strong sales in China. Profits seen a four-fold increase to $1.06Bil, or $1.77 per share, versus $283MM, or $0.48 per share in 3Q16. Revenue surged 25% YoY to $11.4Bil. Excluding restructuring costs $CAT earned $1.95 per share.

    The key revenue drivers of $CAT during 3Q17 was the Construction Industries segment that generated $4.85Bil of revenue, up 37% compared to 3Q16, followed Energy & Transportation segment revenue that rose 12% to $3.96Bil.

    Caterpillar Earnings AlphaGraphics: Q3 2017 Highlights

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