{"id":1987545,"date":"2023-08-01T07:25:02","date_gmt":"2023-08-01T11:25:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/caterpillar-profit-rises-on-construction-equipment-demand\/"},"modified":"2023-08-01T07:26:36","modified_gmt":"2023-08-01T11:26:36","slug":"caterpillar-profit-rises-on-construction-equipment-demand","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/caterpillar-profit-rises-on-construction-equipment-demand\/","title":{"rendered":"Caterpillar&#8217;s profit soars due to high demand for construction equipment."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcaterpillar-profit-rises-on-construction-equipment-demand%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1987545&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2062-Caterpillar \u200cInc on Tuesday reported a rise in quarterly profit, \u200bas higher infrastructure spending in North America drove demand for \u2063its construction equipment.<\/p>\n<p>Demand for\u2064 heavy equipment used in construction projects has\u2062 been improving as the United States upgrades \u2063roads, railways and other transportation infrastructure under \u2062the Biden Administration\u2019s $1 trillion package\u2064 that\u2063 was approved \u200cby the \u200cSenate\u2064 in 2021.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Cost controls\u2064 and price increases have also shielded Caterpillar\u2019s \u200dprofit at a time of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/caterpillar-profit-rises-on-construction-equipment-demand\/\" title=\"Caterpillar's profit soars due to high demand for construction equipment.\">persistent supply-chain\u2064 disruptions<\/a> and inflationary pressures.<\/p>\n<p>Adjusted \u200dprofit was $5.55 per share.\u200d Analysts polled by Refinitiv\u200b were \u200bexpecting\u2064 a\u2064 profit of $4.58 per share.\u2062 It was not immediately clear if \u2062the figures were comparable.<\/p>\n<p>Caterpillar\u2019s sales for the second quarter through June rose \u2062to \u2064$17.32 billion from \u200d$14.25 billion a\u2062 year\u200b earlier.<\/p>\n<p>  (Reporting by Bianca Flowers and \u2063Shivansh Tiwary; Editing by Anil D\u2019Silva)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/caterpillar-profit-rises-on\/attachment\/file-photo-caterpillar-equipment-at-a-retail-site-in-san\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Robert \u200bChambers is paroled after \u2062serving 15 of his 19\u200c year prison sentence.<\/strong> Chambers\u2063 was arrested\u200d for dealing \u2063drugs out of\u2062 his \u2063Manhattan\u200d apartment.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Devon\u200c Archer testifies on Hunter and\u200d Joe Biden\u2019s possible <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/memphis-police-shoots-armed-man-attempting-to-enter-jewish-school\/\" title=\"Memphis police shoot armed man at Jewish school.\">cozy business dealings<\/a>.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>A late-term \u200babortion clinic was \u200cgoing to open its doors in Beverly Hills, California.<\/strong> However, after lots of \u200cpushback from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-remember-the-48th-annual-march-for-life\/\" title=\"Americans remember the 48th annual March for Life\">pro-life advocates<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Major Scott A. Heusing rides\u2063 his Harley Davidson across the country in a yearly effort to raise awareness for Veteran Suicide.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Diane Bartz WASHINGTON (Reuters) \u2013 U.S. senators Elizabeth \u200cWarren, a Democrat, \u200dand Lindsey Graham, \u2062a Republican, said \u200don Thursday\u2064 they would\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Tom Bateman and Rocky Swift TOKYO (Reuters)\u200c \u2013 As\u2064 Japan enjoys a post-pandemic resurgence in\u200b tourism from around the globe, Seibu\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Dell Technologies on Monday launched new generative \u200bartificial intelligence (GenAI) solutions in collaboration with Nvidia whose chips \u2064enable the technology\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013\u200b Dell Technologies on\u2063 Monday launched new generative \u2064artificial intelligence (GenAI) solutions in collaboration with Nvidia whose chips enable the technology\u2026<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Caterpillar Inc&#8217;s quarterly profit increased due to higher infrastructure spending in North America. The demand for its construction equipment rose as the United States upgraded transportation infrastructure under the Biden Administration&#8217;s $1 trillion package. This improvement in heavy equipment demand is driven by construction projects, including roads and railways.<\/p>\n","protected":false},"author":66,"featured_media":1987546,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1987545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1987545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1987545"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1987545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1987546"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1987545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1987545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1987545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}