Caterpillar Profit Tops Estimates With Equipment Demand Mending

(Bloomberg) -- Caterpillar Inc. reported fourth-quarter earnings that beat analysts’ expectations as reopening economies stoked demand for the company’s signature yellow machines.

The world’s biggest maker of mining and construction equipment reported adjusted fourth-quarter earnings of $2.12 a share, compared with the $1.45 a share average of analysts’ estimates compiled Bloomberg.

Key Takeaways

Market Reaction

• The earnings statement was released before the start of regular trading in New York, where Caterpillar shares were little changed at 6:33 a.m.

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