DEERFIELD, Ill. (AP) _ Caterpillar Inc. (CAT) on Wednesday reported first-quarter net income of $1.88 billion.The Deerfield, Illinois-based company said it had net income of $3.25 per share. Earnings, adjusted for non-recurring gains, came to $2.94 per share.The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.84 per share.The construction equipment company posted revenue of $13.47 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $13.4 billion.Caterpillar expects full-year earnings in the range of $11.75 to $12.75 per share.Caterpillar shares have increased 12 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 17 per cent. The stock has dropped almost 8 per cent in the last 12 months._____This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CAT at Associated Press