CAT Stock Powers Dow Jones On Fastest Growth Since '21

Caterpillar steamrolled first-quarter earnings forecasts early Thursday thanks to data center strength and a broadening industrial recovery. In the earnings statement, Caterpillar CEO Joe Creed highlighted "robust order activity" and a "record backlog" as evidence of "the strength of our business and our focus on solving our customers' toughest challenges." Estimates: Analysts expected Caterpillar to post Q1 earnings per share of $4.65, up 9% from a year ago, as revenue rises 16% to $16.527 billion, according to FactSet.