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Caterpillar beats quarterly revenue estimates -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Caterpillar Inc. equipment on display at a San Diego store, California, U.S.A. March 3, 2017. REUTERS/Mike Blake/File photo

(Reuters) – Caterpillar Inc (NYSE 🙂 exceeded quarterly revenue estimates last Friday. This was due to the sustained demand for its heavy machine and construction equipment in a global recovery from the pandemic.

Revenue rose by 23% to $13.80billion in the fourth quarter ending Dec. 31. That beats analysts’ average estimation of $13.15billion, Refinitiv data shows.

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