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10/28, 12:33 PM (Source: TeleTrader)
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Caterpillar sales up 25% YoY to $12.4 billion in Q3

Caterpillar Inc. announced on Thursday its revenue in the third fiscal quarter increased 25% compared to the same period last year and reached $12.4 billion. Profit soared 113% to $1.4 billion on a yearly basis, while the earnings per share (EPS) came to $2.6, also rising 113%.

"Our global team continues to execute our long-term strategy for profitable growth while working to mitigate supply chain challenges as we serve our customers," said CEO Jim Umpleby. "Our third-quarter results reflect higher sales and revenues across our three primary segments and in all regions."

Breaking the News / DJ