Caterpillar Inc. posted fourth-quarter profit that topped analysts’ expectations on higher-than-anticipated demand for its iconic yellow machines from construction.
The Irving, Texas-based producer reported adjusted earnings of $5.14 per share, beating the $5.05 average estimate of analysts polled by Bloomberg. Caterpillar is viewed as a bellwether for global economic growth since it supplies heavy equipment to the construction, mining and energy industries around the world.
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