UPDATE 3-Caterpillar beats estimates on buoyant global demand
January 25, 2018 at 10:57 AM EST
(Adds share price movement) By Rajesh Kumar Singh and Rachit Vats Jan 25 (Reuters) - Caterpillar Inc's profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales. Its shares, however, reversed course after opening higher as investors took out profits in a stock that has risen around 80 percent in the past year. Shares in the world's largest hea
