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Caterpillar adjusted profit rises as equipment demand picks up

April 29 (Reuters) - Heavy equipment maker Caterpillar Inc on Thursday reported a rise in adjusted first-quarter profit, as equipment demand picked up after a pandemic-led slump last year.

The company reported an adjusted profit of $2.87 per share in the quarter ended March 31, compared with $1.65 per share a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Saumyadeb Chakrabarty)

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