genai / news / / Bnn Bloomberg
Caterpillar raised its annual revenue forecast after beating expectations for quarterly profit.
Caterpillar raised its full-year revenue growth estimate from 7% to the low double digits.
KEY POINTS
- The company's power and energy segment saw sales surge due to AI-driven data center demand.
- Caterpillar trimmed its estimated annual tariff impact from $2.6 billion to $2.2-$2.4 billion.
- Revenue from the core construction segment rose 38%, driven by higher dealer inventory and pricing.
- First-quarter adjusted profit per share was $5.54, beating analysts’ $4.62 estimate.
COMPANIES
Summarized by Newsio from Bnn Bloomberg. How we summarize →