IRVING, Texas (AP) — IRVING, Texas (AP) — Caterpillar Inc. (CAT) on Thursday reported fourth-quarter profit of $2.4 billion.
On a per-share basis, the Irving, Texas-based company said it had net income of $5.12. Earnings, adjusted for one-time gains and costs, came to $5.16 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.67 per share.
The construction equipment company posted revenue of $19.13 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $17.95 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT