Caterpillar gets a big AI sales boost as tariffs drag


Caterpillar logo is pictured at the 'Bauma' Trade Fair for Construction Machinery, Building Material Machines, Mining Machines, Construction Vehicles and Construction Equipment in Munich, Germany, April 8, 2019. REUTERS/Michaela Rehle

Jan ‌29 (Reuters) - Caterpillar's fourth-quarter results mirrored the global economy, with sales lifted by surging artificial intelligence-related spending ‌even as the equipment giant braced investors for a $2 billion-plus tariff hit in the year ‌ahead.

The world's largest construction equipment firm said quarterly sales at its power and energy segment, which makes generators, jumped more than 20%.

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