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Caterpillar: 3Q Earnings Snapshot

October 23, 2018

DEERFIELD, Ill. (AP) _ Caterpillar Inc. (CAT) on Tuesday reported third-quarter net income of $1.73 billion.

The Deerfield, Illinois-based company said it had profit of $2.88 per share. Earnings, adjusted for non-recurring gains, were $2.86 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.

The construction equipment company posted revenue of $13.51 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $13.21 billion.

Caterpillar expects full-year earnings in the range of $11 to $12 per share.

Caterpillar shares have dropped 18 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 3 percent. The stock has dropped 2 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT

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