Caterpillar sales jump -first quarter

Caterpillar (NYSE:CAT) shares have jumped after the company reported a profit for the first quarter of 2017. It was the first time they recorded a profit in more than 2 years, with an increase in sales boosting revenue.

CAT’s stock increased more than 6% to $102.78 in premarket trading in New York on Tuesday this week; and by the end of the day it was up to $104 – an increase of 7.49%.

Adjusted earnings of $3.75 per share are expected as the average for 2017, up from $2.90 that had been forecast.

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