Caterpillar shares rise as it posts higher profit from strong construction, power equipment sales

Caterpillar reported a higher first-quarter profit, driven by strong demand for power generation and construction equipment. The earnings strength sent the stock up nearly 5% in premarket trading, indicating a positive read-through for the company’s near-term fundamentals.

Analysis

Caterpillar reported a higher first-quarter profit, driven by strong demand for power generation and construction equipment. The earnings strength sent the stock up nearly 5% in premarket trading, indicating a positive read-through for the company’s near-term fundamentals.