April 30 (Reuters) - Caterpillar CAT.N reported a lower first-quarter profit on Wednesday, hurt by softer demand due to economic uncertainty.
The industrial giant had benefited from former President Joe Biden's 2021 infrastructure law, a $1 trillion spending package that boosted demand for construction equipment.
However, that momentum has started to slow as project starts ease and private sector investment shows some hesitancy amid higher interest rates.
Adjusted profit per share fell to $4.25, compared with $5.60, a year ago.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。