Investing.com – Caterpillar (NYSE:CAT) sees no significant change to 2017 sales as global growth remains weak.
Cuts 2016 FY EPS estimate to $2.35 from $2.75; sales $39 bn vs $40-40.5 bn.
Third quarter EPS fell to $0.85 from $1.05 but beat estimate of $0.76.
Sales in the quarter fell 16% from a year earlier to $9.16 bn.
Caterpillar raised estimate of 2016 restructuring costs to $800 mn from $700 mn.