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%.