“Caterpillar Inc. (CAT), the world’s largest maker of construction and mining equipment, posted second-quarter profit that beat analysts’ estimates and raised its full-year earnings forecast as demand increased from North American builders and overseas miners.
Net income rose to $1.7 billion, or $2.54 a share, from $1.02 billion, or $1.52, a year earlier, the Peoria, Illinois- based company said in a statement today. Profit was more than the $2.28 average of 20 estimates compiled by Bloomberg. The shares rose 4.4 percent to $85.01 at 7:42 a.m. before the start of regular trading in New York.”
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