Caterpillar reported third-quarter sales and revenues of $20.7 billion, up 17%, and GAAP profit per share of $7.13 versus $4.88, though shares fell about 8% in regular trading Thursday. Volume and price both rose, led by power equipment for data centers, and the operating profit margin widened to 20.4% from 17.3%. The article notes that a $128 million tariff recovery is included in operating profit and that the release gives no full-year outlook. Operating profit grew more than twice as fast as sales, but part of the margin gain is unlikely to repeat. Resource Industries sales rose mainly due to dealer inventory changes rather than end-user demand.
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