Caterpillar Inc (CAT.N), the world's biggest construction and mining equipment maker, reported a 25-per-cent jump in quarterly revenue on Tuesday, driven by soaring demand for its construction equipment.
The company also raised its 2017 revenue forecast for a third time this year.
Profit attributable to common stockholders rose to US$1.06 billion, or US$1.77 per share, in the third quarter ended Sept. 30, from US$283 million, or 48 cents US per share, a year earlier.
Excluding restructuring costs, Caterpillar earned US$1.95 per share, compared with 85 cents US per share, a year earlier.
Total sales and revenue rose to US$11.41 billion.
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