Caterpillar’s 1Q net income soars

Heavy equipment maker Caterpillar Inc. said its first-quarter profit soared more than five-fold as a growing economic recovery boosted demand for the company’s farming and construction equipment. The results blew past analysts’ expectations and its boosted its outlook for the year. Its shares rose more than 2 percent to $115.35 in pre-market trading. The Peoria, [...] [...]