Caterpillar Inc. (NYSE:CAT) stock was on the rise Monday following the release of its earnings report for the third quarter of 2017.

Caterpillar Inc. reported earnings per share of $1.95 for the third quarter of the year. This is an increase over its earnings per share of 85 cents from the same time last year. This is a plus for CAT stock by coming in well above Wall Street’s earnings per share estimate of $1.27 for the quarter.

During the third quarter of 2017, Caterpillar Inc. reported revenue of $11.41 billion. This is up 25% from its revenue of $9.16 billion that was reported in the third quarter of 2016. It also beat out analysts’ revenue estimate of $10.63 billion for the quarter and was a boon to CAT stock.

Caterpillar Inc. saw its revenue by geographic region grow in all areas. North America saw particularly strong growth with revenue increasing from $4.11 billion in the third quarter of 2016 to $5.14 billion in the third quarter of 2017.

The positives for CAT stock continue with it increasing its outlook for the full year of 2017. The company now expects earnings per share of $6.25 for the year, which is up from its previous guidance of $5.00. Caterpillar Inc.’s guidance is also above Wall Street’s earnings per share estimate of $5.29 for 2017.

Caterpillar Inc. also notes that it is expecting revenue for 2017 to be around $44 billion. The company was previously estimating revenue between $42 billion and $44 billion. Analysts are looking for CAT to report revenue of $42.94 billion for the year.

CAT stock was up 4% as of Tuesday morning and is up 48% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.