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Caterpillar First-Quarter EPS $1.84, Est. $1.31; Forecast Raised

A Caterpillar Inc. backhoe digger sits on display. Photographer: Matthew Lloyd/Bloomberg

Caterpillar Inc., the world’s largest construction equipment maker, had first-quarter profit of $1.84 a share. Analysts surveyed by Bloomberg had estimated profit of $1.31 on average.

The company raised its forecast for 2011 earnings.

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