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Oct. 28, 2021, 6:49 a.m. EDT

Caterpillar shares up 2% premarket as profit tops estimates, while sales fall slightly short

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By Ciara Linnane

Caterpillar Inc. /zigman2/quotes/203434128/composite CAT +0.51% shares rose about 2% in premarket trade Thursday, after the maker of equipment for the construction and energy industries swept pass profit estimates for the third quarter. Deerfield, Ill.-based 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 /zigman2/quotes/210599714/realtime SPX -0.84% has gained 21%.

/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 197.80
+1.01 +0.51%
Volume: 3.25M
Dec. 3, 2021 4:00p
P/E Ratio
21.14
Dividend Yield
2.24%
Market Cap
$107.00 billion
Rev. per Employee
$429,044
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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