×

Caterpillar posts 25 pct jump in revenue; raises forecast

Oct 24 (Reuters) - Caterpillar Inc, the world's biggest construction and mining equipment maker, reported a 25 percent jump in quarterly revenue on Tuesday, driven by soaring demand for its construction equipment.

The company also raised its 2017 revenue forecast for a third time this year.

Profit attributable to common stockholders rose to $1.06 billion, or $1.77 per share, in the third quarter ended Sept. 30, from $283 million, or 48 cents per share, a year earlier.

Excluding restructuring costs, Caterpillar earned $1.95 per share, compared with 85 cents per share, a year earlier.

Total sales and revenue rose to $11.41 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)