Caterpillar Inc (CAT.N) on Monday raised its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by global demand for its equipment. The Deerfield, Illinois-based company now expects adjusted profit per share to be in a range of $11 to $12 in 2018, compared with $10.25 to $11.25 projected earlier. The second increase to the profit outlook in the past two quarters helped allay investors’ concerns about the health of the global economy amid increasing trade frictions and pressure on costs. …read more
Source:: Yahoo Finance
