Caterpillar shares rise as it posts higher profit from strong construction, power equipment sales
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Article Excerpt
Caterpillar shares surge as it posts higher profit from strong construction, power equipment sales
REUTERS
PUBLISHED APRIL 30, 2026
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Caterpillar CAT-N raised its annual and long-term revenue forecasts on Thursday, as an AI-focused data center boom creates record order backlog for its power generation and backup equipment, underscoring strong momentum for the business in the coming years.
Shares of the company rose as much as 9.7% to a record high, putting …
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