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Caterpillar: Q3 Earnings Snapshot

DEERFIELD, Ill. (AP) _ Caterpillar Inc. (CAT) on Thursday reported third-quarter earnings of $1.43 billion.

On a per-share basis, the Deerfield, Illinois-based company said it had net income of $2.60. Earnings, adjusted for restructuring costs, came to $2.66 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.

The construction equipment company posted revenue of $12.4 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $12.57 billion.

Caterpillar shares have climbed almost 8% since the beginning of the year, while the S&P's 500 index has increased 21%. The stock has climbed 24% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAT at https://www.zacks.com/ap/CAT

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