Reuters - Caterpillar Inc., the manufacturer of heavy construction and mining equipment, reported better-than-expected quarterly earnings on Friday and raised its outlook, saying strength in almost all of its businesses was offsetting weakness in residential housing and on-highway engine markets.
While net profit fell to $816 million, or $1.23 a share, from $840 million, or $1.20 a share, last year, the latest results topped the average analyst profit expectation of $1.08 a share.
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