PEORIA, Ill. (AP) — Caterpillar Inc. (CAT) on Thursday reported third-quarter net income of $368 million.

On a per-share basis, the Peoria, Illinois-based company said it had profit of 62 cents. Earnings, adjusted for non-recurring costs, came to 75 cents per share.

The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 75 cents per share.

The construction equipment company posted revenue of $10.96 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $11.11 billion.

Caterpillar expects full-year earnings to be $4.60 per share, with revenue expected to be $48 billion.

Caterpillar shares have declined 24 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 2 percent. The stock has declined 27 percent in the last 12 months.