Caterpillar raises 2019 profit outlook on tax gain

April 24, 2019

(Reuters) – Caterpillar Inc raised its full-year profit forecast on Wednesday as it booked a tax gain in the first quarter stemming from the overhaul of U.S. tax laws.

The company said it now expects 2019 profit of $12.06 per share to $13.06 per share, compared with $11.75 to $12.75 per share forecast earlier.

(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)

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