January 25, 2018 / 12:47 PM / 3 months ago

Caterpillar profit beats estimates as sales surge 35 pct

    Jan 25 (Reuters) - Caterpillar Inc         beat estimates
for fourth-quarter profit on Thursday as revenues surged 35
percent compared to a year earlier on the back of strong global
demand for its construction and mining equipment. 
    The company also said it took a $2.4 billion charge related
to recent U.S. tax changes, widening its net loss before
adjustments to $1.30 billion, or $2.18 per share, from $1.17
billion, or $2.00 per share, a year earlier.             

 (Reporting by Rachit Vats in Bengaluru and Rajesh Kumar Singh
in Chicago)
  
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