Stocks
Caterpillar Raises Revenue Growth Target Following Strong Quarterly Results
Caterpillar has raised its revenue growth target for 2026 after beating quarterly profit expectations.
The company reported a net income of $1.33 billion in the third quarter, surpassing analyst estimates.
Caterpillar's revenue rose to $14.52 billion, exceeding predictions by 2.3%.
In response to the strong quarterly results, Caterpillar increased its revenue growth target for 2026 from 5-10% to a range of 7-12%.