(Bloomberg) -- Caterpillar Inc. reported third-quarter earnings that topped analysts’ estimates while flagging concern over rising raw materials costs.

“In the fourth quarter, price realization, operational excellence and cost discipline are expected to more than offset higher material and freight costs, including tariffs,” the company said in a statement Tuesday.

Key Insights

Market Reaction

• Caterpillar fell 3.1 percent at 8:32 a.m. before regular trading in New York. The heavy-equipment maker fell to the lowest closing price this year on Monday.

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