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Why Caterpillar Stock Popped Today

TheMotleyFool

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Shares of Caterpillar (NYSE: CAT) were soaring today after the company reported better-than-expected third-quarter results that beat analysts' top- and bottom-line consensus estimates.

As a result, the industrial stock jumped by 9.7% as of 10:46 a.m. ET.

The construction and mining equipment maker released its third-quarter results today, with total revenue increasing 21% from the year-ago quarter to $15 billion -- compared to Wall Street's consensus average of $14.3 billion.

Source Fool.com

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