Caterpillar reports higher third-quarter profit
Caterpillar said third-quarter profit rose, supported by demand for power equipment.
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By Connor HartCaterpillar said sales climbed in the latest quarter, though the increase failed to clear Wall Street's high expectations.The company--known for its giant yellow dump trucks, bulldozers and other equipment--posted a third-quarter profit of $3.29 billion, or $7.13 a share, compared wit…