(Reuters) - Caterpillar Inc, the world's biggest construction and mining equipment maker, reported a 25 percent jump in quarterly revenue on Tuesday, driven by soaring demand for its construction equipment.
The company also raised its 2017 revenue forecast for a third time this year.
Profit attributable to common stockholders rose to $1.06 billion, or $1.77 per share, in the third quarter ended Sept. 30, from $283 million, or 48 cents per share, a year earlier.
Excluding restructuring costs, Caterpillar earned $1.95 per share, compared with 85 cents per share, a year earlier.
Total sales and revenue rose to $11.41 billion.
(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app