(Boursier.com) — Caterpillar , the American giant of construction machinery, beat the market consensus in terms of profits for the quarter ended. His earnings also exceeded expectations. However, the group also warns of pressure on margins with production costs. For the past quarter, ‘Cat’ made a profit of $2.12 billion, more than doubling year-on-year. On an adjusted basis, the group generated EPS of $2.69. Revenue improved 23% to $13.8 billion, versus the consensus $13.2 billion. However, the operating margin for the first quarter could therefore suffer from the increase in salary and production expenses. The group plans to raise prices again this year to offset the impact of charges.
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