Shares of Caterpillar, Inc. (CAT), the world’s largest equipment manufacturer and American Fortune 100 company, jumped 4.1% after reporting outstanding third-quarter results. The solid results were attributed to continued momentum in all three major business segments across all geographies. Shares of the dividend aristocrat closed at $204.09 on October 28. CAT posted adjusted earnings of $2.66 per share, up 75% year-over-year and much higher than analyst estimates of $2.20 per share. Further, quarterly sales and revenue came in at $12.4 billion, growing 25% compared to the prior-year quarter and slightly lower than the consensus estimate of $12.48 billion.
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Caterpillar (NYSE:CAT)
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