Caterpillar's quarterly profit rises on strong construction, power equipment sales

A worker washes a Caterpillar crawler dozer at Ideal Tractor in West Sacramento, California, on Aug. 1, 2022. David Paul Morris | Bloomberg | Getty Images Caterpillar reported a higher first-quarter ⁠profit on Thursday, led by strong demand for ​its power ​generation and ​construction equipment, sending its shares up nearly 5% in premarket trading. …