April 24, 2018 / 12:01 PM / 5 months ago

RPT-Caterpillar beats estimates and raises 2018 profit outlook

(Repeats with no changes to text)

CHICAGO, April 24 (Reuters) - Caterpillar Inc on Tuesday upgraded the outlook for 2018 profits after the world's largest heavy-duty equipment maker beat estimates for first-quarter earnings on strong global demand for its equipment.

The Deerfield-‎Illinois based company now expects the full-year profit to range between $9.75 to $10.75 per share compared with $7.75 to $8.75 per share it projected earlier.

For the first quarter, the company reported a net profit of $2.74 per share, above analysts' consensus forecast of $2.04 per share. (Reporting by Rajesh Kumar Singh Editing by Nick Zieminski)

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