) beat analysts’ estimates for first-quarter profit on Friday as elevated energy prices boosted demand for the pipeline operator’s services, sending its shares higher
After the bell on Thursday, the Toronto-based dealer for Caterpillar heavy construction equipment reported revenue and earnings per share of $1.061-billion and $1.16, respectively, both topping analysts’ expectations . “We delivered a first-quarter record despite the fact that energy prices and refining margins are softening a bit,” Chief Financial Officer Kathryn Mikells said in an interview.
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