Caterpillar’s first-quarter earnings jumped more than 20 percent to top expectations, even though revenue slipped for the construction and mining equipment maker.
The company’s shares are soaring in early-morning trading after it also raised its 2015 forecast.
Caterpillar Inc. earned $1.11 billion, or $1.81 per share, in the quarter. That compares with $922 million, or $1.44 per share, last year.
Earnings in the latest quarter totaled $1.81 per share, not counting restructuring costs. That included a gain from a business sale.
Revenue slid 4 percent to $12.7 billion.