Caterpillar Stock Hits New High After Better-Than-Expected Q4 Profit

Key Takeaways Caterpillar reported fourth-quarter adjusted earnings per share of $5.23, well ahead of Wall Street's expectations for$ 4.75. Revenue in the quarter increased 3% to $17.1 billion, led by a 12% increase in the company's energy and transportation business. The company expects Q1 revenue to be broadly similar to what was posted in the first three months of 2023. Company shares rose as high as$ 334.87 early Monday, an all-time intraday high. Shares in Caterpillar (CAT) hit fresh all-time highs in ...