Caterpillar third-quarter profit rises on power equipment demand

By Reuters News

- Caterpillar CAT.N reported a higher third-quarter profit on Thursday, led by continued strength in demand for its backup power equipment, turbines and construction equipment.

The company, seen as a bellwether for the global industrial economy, reported an adjusted profit of $7.20 per share for the quarter through September, compared with $4.95 per share a year earlier.

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