Caterpillar Q1 profit rises, outlook lifted
Caterpillar Inc
The world's largest maker of construction machinery reported net earnings of $1.6 billion, or $2.37 per share, compared with $1.2 billion, or $1.84 per share, a year earlier.
Caterpillar's sales rose 23 percent to $16 billion during the first quarter, the company said.
The company also increased its profit outlook for the year to $9.50 per share, up from $9.25 previously.
(Reporting By John D. Stoll; Editing by Maureen Bavdek)
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