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Caterpillar stock jumps after biggest earnings beat in five years

The company pointed to data-center construction demand as a driver behind record revenue, following an earnings beat that outpaced its recent performance over the past five years.

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Caterpillar shares surged after the company delivered what MarketWatch described as its biggest earnings beat in five years.

The outlet said data-center construction demand helped lift results, supporting record revenue.

MarketWatch attributed the strength in part to ongoing momentum in building out data-center capacity, which boosted Caterpillar’s top-line performance.

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