Caterpillar Earnings Surge on Mining, Power, Energy Demand

Caterpillar Earnings Surge on Mining, Power, Energy Demand

Caterpillar Earnings Surge on Mining, Power, Energy Demand

Researched by Industrial Info Resources (Sugar Land, Texas)--First-quarter 2018 results by heavy machinery manufacturer Caterpillar Incorporated (NYSE:CAT) (Peoria, Illinois) reflect a strong rebound in the mining, energy and power industries. Caterpillar, which is often seen as a bellwether for growth in those industries, reported $12.9 billion in first-quarter sales, a 31% increase from first-quarter 2017. The company's operating profit rose to $2.1 billion in the just-ended quarter, up from $400 million a year earlier.

Within this article: Caterpillar's strong first-quarter earnings are seen as a good sign for the power, mining and energy industries. Additional companies: Sempra Energy's (NYSE:SRE), BHP Billiton plc (NYSE:BHP)

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