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Caterpillar shares up nearly 3% premarket as profit tops estimates, while sales fall slightly short

Dow Jones2021-10-28

Caterpillar Inc. $(CAT)$ shares rose nearly 3% in premarket trade Thursday, after the maker of equipment for the construction and energy industries . Caterpillar posted net income of $1.43 billion, or $2.60 a share, up from $1.22 a share in the year-earlier period.

Adjusted per-share earnings came to $2.66, well ahead of the $2.20 FactSet consensus. Sales climbed to $12.4 billion from $9.9 billion, below the $12.6 billion FactSet consensus. CEO Jim Umpleby said sales rose across the company's three primary segments and in all regions, despite supply-chain challenges. Shares have gained 8% in the year to date, while the S&P 500 has gained 21%.

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  • Alfred1007
    ·2021-10-28
    Slow and steady
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  • 458fd99c
    ·2021-10-28
    Gg
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    • 458fd99c
      Ya
      2021-10-28
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  • Will101
    ·2021-10-28
    Like
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    • woah
      ok
      2021-10-28
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  • Derlin
    ·2021-10-28
    Like my comment
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    • iHuat
      Ues
      2021-10-28
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    • Piggu
      Ok
      2021-10-28
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  • Eileen0219
    ·2021-10-28
    Ok
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    • 2b8a22ff
      Okay
      2021-10-28
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    • Naqman
      liked
      2021-10-28
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  • MaxLYT
    ·2021-10-28
    Wow
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