More on Caterpillar Q1: Profit rises, ups EPS forecast, shares jump

Caterpillar (CAT) profit +4.8% to $922M.

Machinery sales -12%, with falls of 20% or more in most markets, although North American sales increased 6%.

Operating costs -1.2% to $11.84B.

Increases FY EPS guidance by 25 cents to $6.10 a share, citing growing demand from builders, although it leaves its sales outlook unchanged at $56B. Consensus is for $5.93 and $56.2B respectively.

Shares are +4.1% premarket. (PR)


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